### Home > INT3 > Chapter 2 > Lesson 2.2.2 > Problem2-58

2-58.

For each of the problems below, find the initial value to the nearest dollar.

1. Five years from now, a bond that appreciates at $4\%$ per year will be worth $\146$.

$(146)=a(1.04)^5$

The initial value was $\120$.

2. Seventeen years from now, Ms. Speedi’s car, which is depreciating at $20\%$ per year, will be worth $\500$.

See part (a).