A 1975 comic book has appreciated 8% per year and originally sold for $0.26. What will the comic boo

A 1975 comic book has appreciated 8% per year and originally sold for $0.26. What will the comic book be worth in 2020

Calculate the number of years:
2020 - 1975 = 45

Set up the accumulation function A(t) where t is the number of years since 1975:
A(t) = 0.26(1.08)^t

We want A(45)
A(45) = 0.26(1.08)^45
A(45) = 0.26 * 32.9045
A(45) = 8.30