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Mathematics, 25.03.2020 20:53 DM3449

The value of a collector's item is expected to increase exponentially each year. The item is purchased for $500 and its
value increases at a rate of 5% per year. Find the value of the item after 4 years.
O $578.81
O $607.75
O $1687.50
O $2531.25

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