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).