...purchased, if its value? 1) Sam just inherited a painting from his grandfather. It has been appraised as being worth $5,000. What was the value of the painting 17 years ago, when it was originally purchased, if its value has appreciated at a rate of 7% annually?
2) What rate of interest compounded continuously is required to double an investment in 5 years
3) What will a $167,000 house cost 5 years from now if the inflation rate over that period averages 2% compounded annually?
2) What rate of interest compounded continuously is required to double an investment in 5 years
3) What will a $167,000 house cost 5 years from now if the inflation rate over that period averages 2% compounded annually?