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Martin bought a painting for $5,000. It is expected to appreciate at a continuous rate of 4%. How much will the painting be worth in 6 years?

Martin bought a painting for $5,000. It is expected to appreciate at a continuous rate of 4%. How much will the painting be worth in 6 years?
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1 vote
Martin bought a painting for $5,000. It is expected to appreciate at a continuous rate of 4%. How much will the painting be worth in 6 years?

asked
User Matt Blaha
by
7.7k points

1 Answer

6 votes

Answer:

$6326.6

Explanation:

5000(1.04)
^(6) Multiply 5000 by 1.04 to the 6th exponent.

answered
User Germanescobar
by
8.3k points
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