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4. Kim inherited the rare comic book, Superman #1, from her grandfather, which has appreciated in value by 21.5% annually. Her grandfather purchased the comic
4. Kim inherited the rare comic book, Superman #1, from her grandfather, which has appreciated in value by 21.5% annually. Her grandfather purchased the comic for $0.05 in 1939 [think of this as "time zero"]. a) Write an equation to model the ongoing price of the comic, P, as a function of time, t. b) How much is the comic worth today? c) If her grandfather had purchased it for $0.75, how would your equation from part a) change? Write the new equation. d) If you were to graph your equations from part a) and part c) on the same graph, what would be different between the two? 4. Kim inherited the rare comic book, Superman #1, from her grandfather, which has appreciated in value by 21.5% annually. Her grandfather purchased the comic for $0.05 in 1939 [think of this as "time zero"]. a) Write an equation to model the ongoing price of the comic, P, as a function of time, t. b) How much is the comic worth today? c) If her grandfather had purchased it for $0.75, how would your equation from part a) change? Write the new equation. d) If you were to graph your equations from part a) and part c) on the same graph, what would be different between the two
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