leviaromanian13 leviaromanian13
  • 01-06-2017
  • Mathematics
contestada

how do you do this : A coin collection is purchased for $1,000. Twenty years later, the owner is told that the collection is worth quite a bit of money! If the rate of return on the stamp collection is 4% per year, what is the current value of the stamp collection? In your final answer, include all of your calculations.

Respuesta :

AL2006
AL2006 AL2006
  • 01-06-2017
1000 times (1.04)^20 = $2,191 .
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