text: ### Home > INT3 > Chapter 2 > Lesson 2.2.2 > Problem2-58
  
  2-58.
  
  For each of the problems below, find the initial value to the nearest dollar.
  
  1. Five years from now, a bond that appreciates at $4\%$ per year will be worth $\146$.
  
  $(146)=a(1.04)^5$
  
  The initial value was $\120$.
  
  2. Seventeen years from now, Ms. Speedi’s car, which is depreciating at $20\%$ per year, will be worth $\500$.
  
  See part (a).