Your coin collection contains 55 1941 silver dollars. if your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2058, assuming they appreciate at a 8 percent annual rate?
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no.of coins=55 face value=1$ rate=8℅
no of years =2058-1941=117
compound interest=p(1+I)^n
=55*1$(1+(8/100))^117
=55$(8139)=447654 Will be the answer
no of years =2058-1941=117
compound interest=p(1+I)^n
=55*1$(1+(8/100))^117
=55$(8139)=447654 Will be the answer
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