You Collect Old Coins

question 32

Multiple Choice

You collect old coins. Today, you have two coins each of which is valued at $250. One coin is expected to increase in value by 6 percent annually while the other coin is expected to increase in value by 4.5 percent annually. What will be the difference in the value of the two coins 15 years from now?

• A)$115.32
• B)$208.04
• C)$241.79
• D)$254.24
• E)$280.15

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