Cosmetics makers focus on the unique needs of customers of different ages. The cosmetics makers recognize the importance of ____
1 answer:
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Answer:
The answer is c. $3,883.27
Explanation:
For the problem, we will be using the formula for calculating the Future Value of money, which is:
Where:
F - future value
P - Principal amount = ($100)
r - rate of growth in percent = (5% or 0.05)
n - number of years = (75)
We calculate thus:
=
therefore the amount after 75 years will be $3,883.27