mayatchenkonneh mayatchenkonneh

23-04-2020
Mathematics

contestada

A friend of yours just purchased a painting as an
investment for $15,000.00 and it is supposed to appreciate
at a rate of 4.15% each year. Write an equation for its
value in the future. How much would the painting be
worth in 10 years?

Respuesta :

secretnerd27 secretnerd27

23-04-2020

Answer:

The Final Value is 23,294.54

The Equation for this is shown below

Step-by-step explanation:

A = 15,000( 1 + (4.5 / 1)) ^ (1 x 10)

Meaning 15,000 times 1 plus 4.5 over 1 to the 1 times 10 power

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