### Home > A2C > Chapter 3 > Lesson 3.2.1 > Problem 3-101

3-101.

For each of the problems below, find the initial value. Homework Help ✎

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

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

(146) = *a*(1.04)^{5}

The initial value was $120.

See part (a).