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 from now. If the inflation rate is 5%, how much will a house now worth $87,000 be worth in 10 years? Round your answer to the nearest dollar. The house will be worth S (Round to the nearest dollar as needed.)

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riven $87,000 : Y:5% , t 10 to lo0 141 , 113.8 log4. 표 そ 9 -2. Letそー4 0eq 4 2 92 1 6 4-

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