Question
Al Rosen invests $26,000 in a mint condition 1952 Mickey Mantle Topps baseball card. He expects the card to increase in value 9 percent per
Al Rosen invests $26,000 in a mint condition 1952 Mickey Mantle Topps baseball card. He expects the card to increase in value 9 percent per year for the next 13 years.
How much will his card be worth after 13 years? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
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Financial Management Theory And Practice
Authors: Prasanna Chandra
11th Edition
9355322208, 978-9355322203
