3 A collector buys a painting for $100,000 at the beginning of 1995 and sells it for $150,000 at the beginning of 2000. Use an exponential regression equation to find the effective yield. A(0) = P(1 + )"
3 A collector buys a painting for $100,000 at the beginning of 1995 and sells it for $150,000 at the beginning of 2000. Use an exponential regression equation to find the effective yield. A(0) = P(1 + )"
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The equation that needs to be used in order to complete it ends up to the power or “n” times “T”

Transcribed Image Text:3 A collector buys a painting for $100,000 at the
beginning of 1995 and sells it for $150,000 at
the beginning of 2000.
Use an exponential regression equation to find
the effective yield.
TRY THIS
A(1) = P(1 + # ) "²
Find the effective yield for a painting bought for $100,000 at the end of 1994
and sold for $200,000 at the end of 2004.
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