Calculating Value Over Time
View the Lesson | MATHguide homepage Updated June 22nd, 2023


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Problem:   A vintage board game will appreciate in value at a 4.7% rate. Currently, it is worth $210. What will be its value in 16 years?

  Calculate the value (to the nearest penny) by using this formula.

A = a(1 + r)t

 
Solution:  
A = (1 + )
 
A = ( )
 
A =