s21kfrazier s21kfrazier

06-04-2020
Mathematics

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Martin bought a painting for $5,000. It is expected to appreciate at a continuous rate of 4%. How much will the painting be worth in 6 years?

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ZenCyde ZenCyde

06-04-2020

Answer:

$6326.6

Step-by-step explanation:

5000(1.04)[tex]^{6}[/tex] Multiply 5000 by 1.04 to the 6th exponent.

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