How do you do this : A coin collection is purchased for $1,000. Twenty years later, the owner is told that the collection is worth quite a bit of money! If the rate of return on the stamp collection is 4% per year, what is the current value of the stamp collection? In your final answer, include all of your calculations.

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Kailee Arellano

6 July, 06:03

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Remington Kramer · Answer 1

Remington Kramer 6 July, 06:50

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1000 times (1.04) ^20 = $2,191.