In 1985 the winner of a competition was paid 110 in 2006


In 1985, the winner of a competition was paid $110. In 2006, the winners prize was $70,000. What will the winners prize be in 2040 if the prize continues at the same rate?

A. 389,400 or B.421,122 or C.479,311 or D. 505,697 or E. 548,121

 

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Finance Basics: In 1985 the winner of a competition was paid 110 in 2006
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