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OpenStudy (anonymous):
5 Dee2012 s=c(1+r)t models inflation where c= the value today r= annual inflation rate decimal form s= inflated value t years from now. if inflation rate is 4% how much will a house now worth 98,000 be worth in 10 years? round nearest dollar
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hero (hero):
s = 98000(1+.04)^10
hero (hero):
Okay, what is it?
hero (hero):
All you have to do is break out your calculator
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