7) Susan purchased a painting in the year 2000 for $7000. Assuming a continuous exponential rate of inflation of 3.8% per year, how much will the painting be worth 4 years later?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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7) Susan purchased a painting in the year 2000 for $7000. Assuming a continuous exponential 7)
rate of inflation of 3.8% per year, how much will the painting be worth 4 years later?
Transcribed Image Text:7) Susan purchased a painting in the year 2000 for $7000. Assuming a continuous exponential 7) rate of inflation of 3.8% per year, how much will the painting be worth 4 years later?
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