Asked by Rock

Please Help...
You buy a commemorative coin for $25. The value of the coin increases 3.25% per year. How much will the coin be worth in 15 years? Round to the nearest cent.
Answered by Reiny
what is 25(1.0325)^15 ?
Answered by Rock
387.187
Answered by Reiny
no,,,,
25(1.0325)^15
= 25(1.61566..
=40.39
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