The value of the jewelry will be worth $2,693.
Since this is a rate of appreciation, this means the amount is going up. Thus, we can model the equation below:
A = 1000*(1.06)^t
In this equation, t is equal to the number of years since its purchase. Since it is worth 6% more than its original whole version., that is why we pick 1,06. So, we put 17 in for t to find the answer.
A = 1000 * (1.06)^17
A = 1000 * 2.693
A = $2,693
