Your grandmother gives you an old painting that she bought for $60. You bring it to an expert who tells you that it is very valuable and that its value will increase by 8% each year.   What does the solution (20, 279.66) mean in the context of the problem?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 65SE: Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount...
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Your grandmother gives you an old painting that she bought for $60. You bring it to an expert who tells you that it is very valuable and that its value will increase by 8% each year.
 
What does the solution (20, 279.66) mean in the context of the problem?
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