Al Rosen invests $17,000 in a mint condition 1952 Mickey Mantle Topps baseball card. He expects...

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business finance

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Answer 1

Answer #1

We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.

Hence

A=$17000(1.1)^10

=$17000*2.59374246

which is equal to

=$44093.62(Approx).

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Answer 2

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Al Rosen invests $17,000 in a mint condition 1952 Mickey Mantle Topps baseball card. He expects...

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Morgan Jennings, a geography professor, invests $89,000 in a parcel of land that is expected to...

Morgan Jennings, a geography professor, invests $89,000 in a parcel of land that is expected to...

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Al Rosen invests $17,000 in a mint condition 1952 Mickey Mantle Topps baseball card. He expects...

Homework Answers

Add Answer to: Al Rosen invests $17,000 in a mint condition 1952 Mickey Mantle Topps baseball card. He expects...

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Al Rosen invests $17,000 in a mint condition 1952 Mickey Mantle Topps baseball card. He expects...