If the price change in houses parallels the CPI (see Table 2 in Example 10), what would

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If the price change in houses parallels the CPI (see Table 2 in Example 10), what would a house valued at $200,000 in 2016 be valued at (to the nearest dollar) in 1960?

Table 2

Table 2 CPI (1982-1984 = 100) Year 1960 1973 1986 1999 2016 Index 29.6 44.4 109.6 156.9 241.7

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Finite Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780134862620

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Question Posted: Dec 16, 2023 08:19 AM

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If the price change in houses parallels the CPI (see Table 2 in Example 10), what would

Question:

Table 2 CPI (1982-1984 = 100) Year 1960 1973 1986 1999 2016 Index 29.6 44.4 109.6 156.9 241.7

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To find the estimated value of a house in 1960 considering th...View the full answer

Finite Mathematics For Business Economics Life Sciences And Social Sciences

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