document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=129850>Question 129850</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Michael purchased a Wayne Gretzkey rookie card for $3.50 in 1985. In 2008 the card is worth $58.19. What was the annual rate of appreciation ?<BR>\n" );
document.write( "I think the answer is 1.3% ???? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #94851 by </B><A HREF=/tutors/aboutme.mpl?userid=oscargut><B>oscargut(2103)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=oscargut><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/cgi-bin/show-face.mpl?user=oscargut><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=94851\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> You have to solve:\r<BR>\n" );
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document.write( "n=23 (years)\r<BR>\n" );
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document.write( "3.5(1+x)^23=58.19<BR>\n" );
document.write( "then (1+x)^23=16.626<BR>\n" );
document.write( "then 1+x=1.13 then x=0.13<BR>\n" );
document.write( "then annual rate is 13%\r<BR>\n" );
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document.write( "R: annual rate = 13% </SPAN>\n" );
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