Your coin collection contains 85 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2062, assuming they appreciate at an annual rate of 5.1 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Value of collection

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Your coin collection contains 85 1952 silver dollars. If your grandparents purchased them for their face value when they were new,
how much will your collection be worth when you retire in 2062, assuming they appreciate at an annual rate of 5.1 percent?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
Value of collection
Transcribed Image Text:ok Your coin collection contains 85 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2062, assuming they appreciate at an annual rate of 5.1 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Value of collection
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