You would like to buy a house that is currently on the market at $185,000, but you
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You would like to buy a house that is currently on the market at $185,000, but you cannot afford it right now. However, you think that you would be able to buy it after 4 years. If the expected inflation rate as applied to the price of this house is 6.7% per year, what is its expected price after four years? (round to the nearest whole dollar)
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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