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how do you do this : A coin collection is purchased for $1,000. Twenty years later, the owner is told that the collection is worth quite a bit of money! If the rate of return on the stamp collection is 4% per year, what is the current value of the stamp collection? In your final answer, include all of your calculations.

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User Docjay
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1000 times (1.04)^20 = $2,191 .
answered
User Peter Alfvin
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