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March 29, 2017

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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.

  • Alg2 - ,

    what is 25(1.0325)^15 ?

  • Alg2 - ,

    387.187

  • Alg2 - ,

    no,,,,
    25(1.0325)^15
    = 25(1.61566..
    =40.39

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