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30 July, 14:46

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?

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  1. 30 July, 17:44
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    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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