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07-08-2018
Mathematics

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You buy a commemorative coin for $25. The value of the coin increase 3.25% per year. How much will the coin be worth in 15 years?

Respuesta :

07-08-2018

A=25(1+.0325)^15
A=25*1.0325)^15
A=25*1.6157=40.39
ans:
The $25 coin will be worth $40.39 after 15 years at an annual interest rate of 3.25%

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