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Asked by Nicole

A diamond is purchased for $3500. Its value increases 5% each year. Find the value of the diamond at the end of the sixth year of ownership.

Please explain
10 years ago

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Answered by Steve
3500 * 1.05^6
10 years ago
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A diamond is purchased for $3500. Its value increases 5% each year. Find the value of the diamond at the end of the sixth year of ownership.

Please explain

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