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2. Your coin collection contains fifty 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will
2. Your coin collection contains fifty 1952 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 2067, assuming they appreciate at an annual rate of 4.3 percent? SHOW WORK AND FORMULAS | |||||
Present value | $50 | ||||
Number of years | 115 | ||||
Interest rate | 4.30% | ||||
(Use cells A6 to B8 from the given information to complete this question. Your answer should be a positive value.) | |||||
Future value |
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