Question: the formula s = ( 1 = r ) ^ t models inflation, will see equals the value today, our equals the annual inflation rate

the formula s=(1=r)^t models inflation, will see equals the value today, our equals the annual inflation rate(and decimal form), an S equals the inflated value 10 years from now. If inflation rate is 6% how much will a house now worth 146,000 D worth in 16 years?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!