\( \definecolor{colordef}{RGB}{249,49,84} \definecolor{colorprop}{RGB}{18,102,241} \)
Sarah buys a piece of artwork for \(\dollar\)1500 that is expected to appreciate (increase in value) by \(8\pourcent\) each year.
  1. Determine a model for \(A_n\), the value of the artwork after \(n\) years.
    \(A_n=\)
  2. Is this an example of exponential growth?
  3. Calculate the estimated value of the artwork in 6 years' time.
    \(\dollar\,\)
    (round to the nearest integer)