You own a stamp collection that is currently valued at $24,500. If the value increases by 5.5% annually, how much will the collection be worth when you retire 40 years from now?
A) $204,113.07
B) $204,981.16
C) $205,155.45
D) $206,666.67
E) $208,576.07

Question

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The Answer of You own a stamp collection that is currently valued at $24,500. If the value increases by 5.5% annually, how much will the collection be worth when you retire 40 years from now?
A) $204,113.07
B) $204,981.16
C) $205,155.45
D) $206,666.67
E) $208,576.07

You Own a Stamp Collection That Is Currently Valued at $24,500