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

3-101.
  1. For each of the problems below, find the initial value. Homework Help ✎

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

    2. 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).