Warren Buffet has been earning an annual rate of return of 20.5% since he started his investing company. Assume that Londo Mollari put a lump-sum $25,000 under Warren Buffet’s management since 1970, how much money would he have by Year 2010? FV = $43,393,221.
a. below $10,000,000.
b. between $10,000,000 and $20,000,000.
c. between $20,000,000 and $30,000,000.
d. between $30,000,000 and $40,000,000.
e. more than $40,000,000.