In 1996 the value of a 1957 Ford Mustang was appreciating at 10% per year....
50.1K
Verified Solution
Link Copied!
Question
Basic Math
In 1996 the value of a 1957 Ford Mustang was appreciating at 10% per year. Al's father bought one back then for $4000 and he's kept it in immaculate shape. Al is bragging that it must be worth at least $50,000 now. What do you think of Al's claim? If it continues to appreciate at 10% per year, when will the car be worth $50,000?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
