You Collect Old Model Trains

question 233

Multiple Choice

You collect old model trains. One particular model increases in value at a rate of 6.5% per year. Today, the model is worth $1,670. How much additional money can you make if you wait 4 years to
Sell the model rather than selling it 2 years from now?

• A) $196.67
• B) $208.04
• C) $241.79
• D) $254.24
• E) $280.15

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Definitions:

Public Accountants

Professionals who provide accounting services to the public, including audit, tax preparation, and consulting, typically holding a CPA license.