Your coin collection contains 50 1952 silver dollars. Required: If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2058, assuming they appreciate at an annual rate of 6.1 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Value of collection tA

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter27: The Federal Gift And Estate Taxes
Section: Chapter Questions
Problem 21CE
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Your coin collection contains 50 1952 silver dollars.
Required:
If your grandparents purchased them for their face value when they were new, how
much will your collection be worth when you retire in 2058, assuming they appreciate at
an annual rate of 6.1 percent? (Enter rounded answer as directed, but do not use
rounded numbers in intermediate calculations. Round your answer to 2 decimal
places (e.g., 32.16).)
Value of collection
tA
Transcribed Image Text:Your coin collection contains 50 1952 silver dollars. Required: If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2058, assuming they appreciate at an annual rate of 6.1 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Value of collection tA
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