Saturday
December 20, 2014

Homework Help: Algebra I

Posted by Cat on Monday, March 9, 2009 at 8:20pm.

...excess information....
The historical society tells him that furniture similar to his has been appreciating in value at 10% per year for the last 20 years and that his furniture could be worth $10,000 now.

Is my expression 10,000(1+.1)^x?
If so, I have to find what it costed 20 years ago. Would I just raise the expression to the power of 20, or -20?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - Real Estate an office building purchased for $1, 200,000 is appreciating ...
math - Real Estate an office building purchased for $1, 200,000 is appreciating ...
MATH - The value V of a machine t years after it is purchased is inversely ...
Finance - Ambrin Corp. expects to receive $2,000 per year for 10 years and $3,...
Calculus - I am confused on how to solve this problem : $5000 is invested for 4 ...
Finance - Mary and Joe would like to save up $10,000 by the end of three years ...
Fin- Management - David purchased a $100,000 participating whole life policy. ...
Statistics - The head librarian claims that books have been checked out an ...
Personal Finance - Mary and Joe would like to save up $10,000 by the end of ...
Managerial Economics - You are considering setting up a software development ...

Search
Members