SOLUTION: A jersey with Kobe's signature valued at $5,000. the value increase 2.4% per year. What will be the approximate value of the jersey in 3 years. What formula to use.

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Question 1176713: A jersey with Kobe's signature valued at $5,000. the value increase 2.4% per year. What will be the approximate value of the jersey in 3 years. What formula to use.
Answer by ikleyn(52873) About Me  (Show Source):
You can put this solution on YOUR website!
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    Future value = 5000%2A%281%2B0.024%29%5E3 = 5000%2A1.024%5E3 = 5368.71  dollars.    ANSWER

Solved.