Shirley purchased a plot of land for $19,500. The land appreciates about 3.9% each year. What is the value of the land after five years?

Answer 1

same thing as the other one i answered

the general case is:

new value = (old value)X(1+/-percent change)^years

remember that 1% = 0.01 in the above formuala, and that it's negative if it's "decreasing/depreciating" and positive if it's growing.