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    Future Value of a Dollar

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    Al Rosen invests $25,000 in a mint condition 1952 Mickey Mantle Topps baseball card. He expects the card to increase in value 12 percent per year for the next 10 years. How much will his card be worth after 10 years?

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    Solution Summary

    This solution calculates the future value of a baseball card given current value and expected increase over next 10 years.