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OpenStudy (anonymous):
A diamond is purchased for $3500. Its value increases 5% each year. Find the value of the diamond after six years. Plz show work?
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OpenStudy (anonymous):
This is under the financial management question. There have the formula to solve it.|dw:1362099327270:dw| FV=PV(1+i)^{n} $3500*(1+0.06)^{6} =$4964.82
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