document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=173748>Question 173748</A>: <I><SPAN STYLE=\"word-break: break-all;\"> hey, could you please solve the following problem for me, thank you,<BR>\n" );
document.write( "A rate coin is bought at an antique auction in 1998 for $500. Each year, its value appreciates by 6% of its purchase price. Determine the coin's value in 2010. <BR>\n" );
document.write( "remember we are using Geometric Sequences formula,<BR>\n" );
document.write( "i will be waiting for the solution,<BR>\n" );
document.write( "thank you agian<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #128636 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=128636\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A rate coin is bought at an antique auction in 1998 for $500. Each year, its value appreciates by 6% of its purchase price. Determine the coin's value in 2010. <BR>\n" );
document.write( "--------<BR>\n" );
document.write( "Year 0: 500<BR>\n" );
document.write( "Year 1: 500 + 0.06*500 = (1.06)500<BR>\n" );
document.write( "Year 2: [500 + 0.06*500][1.06] = 500(1.06)^2<BR>\n" );
document.write( "...<BR>\n" );
document.write( "Year 12: 500(1.06)^12 = $1006.10<BR>\n" );
document.write( "=====================================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.  </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );