Ami has decided to be cryogenically frozen at the time of her death so that she can be resurrected once medical science has advanced far enough to keep her alive. In preparation, Ami places $161,367 into an investment account which earns an 7.4% rate of return per year. To her amazement, she is one day brought back to life. "How long has it been?" she asks. "245 years" the strangely dressed person replies. How much money is sitting in Ami's investment account? You are welcome to round to the nearest whole number. You need to be within $1 million of the correct answer.

Ami has decided to be cryogenically frozen at the time of her death so that she can be resurrected once medical science has advanced far enough to keep her alive. In preparation, Ami places $161,367 into an investment account which earns an 7.4% rate of return per year. To her amazement, she is one day brought back to life. "How long has it been?" she asks. "245 years" the strangely dressed person replies. How much money is sitting in Ami's investment account? You are welcome to round to the nearest whole number. You need to be within $1 million of the correct answer.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter3: Income Sources

Section: Chapter Questions

Problem 108DC

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