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Joel has a vintage comic book worth $360. According to a dealer, the value of this particular comic book will increase by 5% each year. How much will the comic book be worth in 15 years?

Respuesta :

The worth of the comic in 15 years is $784.41.

What is the worth of the comic?

If the value of the comic is increasing it means it is appreciating in value. As a result of the appreciation, the price of the comic increases with the passage of time.

FV = P (1 + r)^n

  • FV = Future value
  • P = Present value
  • R = interest rate
  • N = number of years

$360 x (1.05)^15 = $784.41

To learn more about future value, please check: https://brainly.com/question/18760477

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