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

Question

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The Answer of 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

You Collect Old Model Trains