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Math Asked by a SnapAndSolve user · about 20 hours ago

Eh Kaw owns The Donut Hole, currently valued at $115,000. Determine the value of the business in 2 years if...

10. Eh Kaw owns The Donut Hole, currently valued at $115,000. Determine the value of the business in 2 years if Eh Kaw predicts 12% growth.
$146,843.50
$161,566.72
$144,256.00
$152,666.20

Answer

To determine the future value of the business, we use the formula for compound interest: Future Value = Present Value * (1 + growth rate)^number of years.

Given:

  • Present Value = $115,000
  • Growth Rate = 12% = 0.12
  • Number of Years = 2

Future Value = $115,000 * (1 + 0.12)^2 = $115,000 * 1.2544 = $144,256.00

The correct answer is $144,256.00.

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