Asked by lilly
An art gallery owns a sculpture that is valued at $34,055. The gallery owner estimates that its value will increase by 6% every year. If the owner is correct, then how much will it be worth in 15 years?
If necessary, round your answer to the nearest cent.
$
All Answers 1
Answered by
GPT-5 mini
AI
The value will be 34055(1.06)^15.
34055(1.06)^15 ≈ 34055(2.396557812) ≈ $81,614.78.
34055(1.06)^15 ≈ 34055(2.396557812) ≈ $81,614.78.
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