Respuesta :
If your collection grows at a 7% annual rate, it will be worth $33999.11 when you retire in 2056.
What is the face value?
In the financial world, face value refers to the nominal or monetary value of a security as stated by its issuer. Stocks are worth what they were purchased for, as stated on the certificate, which is their face value. It is the amount that is given to the bondholder at maturity, typically in $1,000 increments.
The terms "par value" or simply "par" are frequently used to describe bond face values. Face value also referred to as par value, is the amount that, in the event that the bond issuer does not default, is paid to a bondholder when the bond matures. Bonds sold on the secondary market, however, are subject to interest rate changes.
Calculation:
Face value is considered as $1
Rate = r = 7%
Time = 2056 - 1949 = 97 years
Price = $45
value = Price(1+r)^n
= $48(1 + 0.07)^97
= $33999.11
So the value of coins at retirement is $33999.11.
Learn more about face value with the help of the given link:
brainly.com/question/14294215
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