The stock for a given company has steadily increased from the beginning of 2006 to the end of 2007 by 5% per year,
however, in 2008 the stocked increased by 10%. If the stock was purchased at $12.43 at the beginning of 2006, then
what is the value of the stock at the end of 2008? Round your answer to the nearest cent.
$15.07
$13.70
b. $14.36
d. $13.67
ANSWER IS A.$15.07
