document.write( "Question 247863: Tom purchased a rare stamp for $9 000. He was guaranteed that the stamp would increase in value by 15% each year based on the original value. What is the value of the stamp if Tom owns it for 5 years?\r
\n" ); document.write( "\n" ); document.write( "I have to put this into an equation...somehow. So,
\n" ); document.write( "know: a=9 000
\n" ); document.write( " r=15%
\n" ); document.write( " tn=5
\n" ); document.write( "find:n
\n" ); document.write( "Ok, so how do I do this?
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Algebra.Com's Answer #180701 by Fombitz(32388)\"\" \"About 
You can put this solution on YOUR website!
1st year : \"+V=9000%281.15%29=10350+\"
\n" ); document.write( "2nd year : \"+V=10350%281.15%29=9000%281.15%29%5E2=11902.50\"
\n" ); document.write( "3rd year : \"+V=11902.50%281.15%29=9000%281.15%29%5E3=13687.50\"
\n" ); document.write( "4th year : \"+V=9000%281.15%29%5E4=15741.06\"
\n" ); document.write( "5th year : \"+V=9000%281.15%29%5E5=18102.21\"
\n" ); document.write( "nth year : \"+V=V0%2A%281%2Br%2F100%29%5EN\"
\n" ); document.write( "where V is value at time N, V0 is the original value, r is the rate, N is the time period.
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