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You just received a coin collection of 100 silver dollars from your grandparents, who purchased them at their face value ($100) in 1950. These coins
You just received a coin collection of 100 silver dollars from your grandparents, who purchased them at their face value ($100) in 1950. These coins appreciate by 5.4 percent annually. If you decide to hold this coin collection to regift them to your grandchildren in 50 years from now, how much will this collection be worth when that time comes? Derive the formula and explain your calculation in detail.
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