igotw4282 igotw4282

13-03-2024
Mathematics

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The formula S=C(1+r)ᵗ models inflation, where C= the value today, r=the annual inflation rate(in decimal form), and S= the inflated value t years from now. If the inflation rate is 3%, how much will a house now worth $123,000 be worth in 23 years?

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