Question: The formula S = C(1+ r)' models inflation, where C = the value today, r= the annual inflation rate (in decimal form), and S =

The formula S = C(1+ r)' models inflation, where C = the value today, r= the annual inflation rate (in decimal form), and S = the inflated value t years from now. If the inflation rate is 5%, how much will a house now worth $145,000 be worth in 9 years? Round your answer to the nearest dollar. The house will be worth $ . (Round to the nearest dollar as needed.)

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