Answer:
The correct answer is B.
Explanation:
Giving the following information:
How much would $1, growing at 3.5% per year, be worth after 75 years?
We need to use the following formula to calculate the final value:
FV= PV*(1+i)^n
PV= present value
n= number of years
FV= 1*(1+0.035)^75
FV= $13.20
