Question

Please help will give branlist

Answer 1

Current price = $2500

price 10 years after today = $3665.18

Explanation:

`p(t) = 2500(1.039)^t`

For the current price, t = 0

`p(0) = 2500(1.039)^0\\\\</p><p></p><p>p(0) = 2500* 1\\\\</p><p></p><p>p(0) = $2500\\</p><p></p><p>`

For price 10 years after today, t = 10

`p(10) = 2500(1.039)^(10)\\\\</p><p></p><p>p(10) = 2500* 1.46607259475\\\\</p><p></p><p>p(10) = $3665.18148689\\\\</p><p></p><p>p(10) = $3665.18\\</p><p></p><p>`