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


For each of the problems below, find the initial value.

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

    The initial value was .

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

    See part (a).