your grandfather has a toy car collletion. he bouggt 59 cars at $1 per car. it is now 48 years later. if the cars have appreciated by 6 percent annually how much is the collection worth today? By formula only please..

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 14P
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your grandfather has a toy car collletion. he bouggt 59 cars at $1 per car. it is now 48 years later. if the cars have appreciated by 6 percent annually how much is the collection worth today? By formula only please.. 

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