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Home > A2C > Chapter 3 > Lesson 3.2.1 > Problem 3-101
3-101.
For each of the problems below, find the initial value.
Five years from now, a bond that appreciates at
per year will be worth . The initial value was
. Seventeen years from now, Ms. Speedi's car, which is depreciating at
per year, will be worth . See part (a).