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31 October, 15:54

A friend of yours just purchased a painting as an

investment for $15,000.00 and it is supposed to appreciate

at a rate of 4.15% each year. Write an equation for its

value in the future. How much would the painting be

worth in 10 years?

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Answers (1)
  1. 31 October, 19:47
    0
    The Final Value is 23,294.54

    The Equation for this is shown below

    Step-by-step explanation:

    A = 15,000 (1 + (4.5 / 1)) ^ (1 x 10)

    Meaning 15,000 times 1 plus 4.5 over 1 to the 1 times 10 power
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