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(1 point) Charles bought a house in 1972 for $90,791 and sold it in 1999. (a) If the 1972 CPI is 41.8 and the 1999

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(1 point) Charles bought a house in 1972 for $90,791 and sold it in 1999. (a) If the 1972 CPI is 41.8 and the 1999 CPI is 166.6 how much would the house be worth in 1999 dollars? Answer: $ (b) To the nearest hundredth, what is the scaling factor for converting 1972 dollars to 1999 dollars? Answer: (c) If the 2001 CPI is 177.7, how much is the house worth in 2001 dollars? Answer: $

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