A fine antique has been appreciating in value since its purchase. Its value has been increasing at the rate of 6% per year. After 9 years of increase, the antique's current value is $66,410. What was the initial value of the antique?
A fine antique has been appreciating in value since its purchase. Its value has been increasing at the rate of 6% per year. After 9 years of increase, the antique's current value is $66,410. What was the initial value of the antique?
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 63SE: In the year 1985, a house was valued at 110,000. Bythe year 2005, the value hadappreciated to...
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A fine antique has been appreciating in value since its purchase. Its value has been increasing at the rate of 6% per year. After 9 years of increase, the antique's current value is $66,410. What was the initial value of the antique?
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