If money loses value, then as time passes, it takes more dollars to buy the same...

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If money loses value, then as time passes, it takes more dollars to buy the same item. Use the table to answer the questions. Let t be years and y be the value of $1 in t years. 1 2 3 4 5 6 y 0.93 0.86 0.80 0.75 0.70 0.65 (a) Suppose a house costs $102,000 today. Estimate the cost of the same house in 2 years. (b) Estimate the cost of a $90 textbook in 6 years. (a) Suppose a house costs $102,000 today. Estimate the cost of the same house in 2 years. The house will cost about dollars. (Round to the nearest dollar as needed.) (b) Estimate the cost of a $90 textbook in 6 years. The textbook will cost about dollars. (Round to the nearest cent as Jeeded.) If money loses value, then as time passes, it takes more dollars to buy the same item. Use the table to answer the questions. Let t be years and y be the value of $1 in t years. 1 2 3 4 5 6 y 0.93 0.86 0.80 0.75 0.70 0.65 (a) Suppose a house costs $102,000 today. Estimate the cost of the same house in 2 years. (b) Estimate the cost of a $90 textbook in 6 years. (a) Suppose a house costs $102,000 today. Estimate the cost of the same house in 2 years. The house will cost about dollars. (Round to the nearest dollar as needed.) (b) Estimate the cost of a $90 textbook in 6 years. The textbook will cost about dollars. (Round to the nearest cent as Jeeded.)