Asked by Yiu
An oil painting is worth $400. Its value increases by 7% each year(compounded annually)
What is the value of the painting after 6 years? How would the graph change of the initial value of the oil painting was more than $400? Less than $400?
What is the value of the painting after 6 years? How would the graph change of the initial value of the oil painting was more than $400? Less than $400?
Answers
Answered by
Henry
V = Vo(1+r)^6
Vo = 400
r = 0.07
V = ?
Vo = 400
r = 0.07
V = ?
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