Question: Step by step solution A soapstone carving was appraised at $2500 . The value of the carving is estimated to increase by 12% each year.

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A soapstone carving was appraised at $2500 . The value of the carving is estimated to increase by 12% each year. What will be the approximate value of the carving after 15 years, correct to the nearest dollar? D

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