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Sparky bought a rare Mickey Mantle baseball card for $16,500 that is increasing 8% in value every year. How much will the card be worth in 7 years?

Sparky bought a rare Mickey Mantle baseball card for $16,500 that is increasing 8% in value every year. How much will the card be worth in 7 years?
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5 votes
Sparky bought a rare Mickey Mantle baseball card for $16,500 that is increasing 8% in value every year. How much will the card be worth in 7 years?

User Cagrias
by
8.0k points

1 Answer

8 votes

Answer: 28,278.10

Explanation:


a_(7) =16500(1.08)^7


a_(7) =28278.1

User AlexYes
by
8.5k points
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