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The value of an asset, currently priced at $100 000, is expected to increase by 20% a year. (a) Find its value in 10 years’ time. (b) After how many years will it be worth $1 million?
Joergl
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May 12, 2022
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The value of an asset, currently priced at $100 000, is expected to increase by 20% a
year.
(a) Find its value in 10 years’ time.
(b) After how many years will it be worth $1 million?
Mathematics
college
Joergl
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May 12, 2022
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Joergl
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Answer:
A) it will become 300,000 in the next 10 years.
Radolino
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May 19, 2022
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Radolino
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