Use a calculator with a y x key or a key to solve Exercises 6570. The

Question:

Use a calculator with a y^x key or a ∧ key to solve Exercises 65–70.

The formula S = C(1 + r)^t models inflation, where C = the value today, r = the annual inflation rate, and S = the inflated value t years from now. Use this formula to solve Exercises 67–68. Round answers to the nearest dollar. If the inflation rate is 3%, how much will a house now worth $510,000 be worth in 5 years?

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