Question 615885
You buy a commemorative coin for $25. The value of the coin increases 3.25% per year. How much will the coin be worth in 15 years? Round to the nearest cent.
----
A(n) = 25*(1.0325)^n
----
A(15) = 25*(1.0325)^15 = $40.39
================================
Cheers,
Stan H.
================================