You must use this formula: A= P(1+r) power of t
P=starting price
r= rate in decimal form
t= number of years
Since you own the jersey for 1025, that will be P.
The rate is 14% or 0.14.
The number of years is calculated by subtracted 2028 and 2022 (today’s date), which is 6.
A=1025(1.14) power of 6. Plug that in a calculator and you have your answer. You may need to round to the nearest hundredth, the question does not specify.
