Question: Problem 9-19 Future value [LO9-2] Al Rosen invests $30,000 in a mint condition 1952 Mickey Mantle Topps baseball card. He expects the card to increase

Problem 9-19 Future value [LO9-2]

Al Rosen invests $30,000 in a mint condition 1952 Mickey Mantle Topps baseball card. He expects the card to increase in value 8 percent per year for the next 15 years.

How much will his card be worth after 15 years? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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