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29 February, 14:16

Your dad has a 1965 Mustang which he bought for $5,000 twenty years ago. It has appreciated at a rate of 15% per year. How much is it worth now?

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  1. 29 February, 14:59
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    The equation for that would be: 5000 (1.15) ^20 which is equal to $81,832.69
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