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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24 August, 16:55

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Braydon Cunningham · Answer 1

Braydon Cunningham 24 August, 16:57

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1000 times (1.04) ^20 = $2,191.