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 inflated value t years

The formula S=C(1+r)' models inflation, where C=the value today, r= the

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 6%, how much will a house now worth $142,000 be worth in 8 years? Round your answer to the nearest dollar. The house will be worth $. (Round to the nearest dollar as needed.)

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