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51. A house costs $1,000,000 today. If inflation is 3% per year, what would that house cost if you wait 5 years to buy it?

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51. A house costs $1,000,000 today. If inflation is 3% per year, what would that house cost if you wait 5 years to buy it? A. $862,608 B. $1,000,000 C. $1,159,274 D. $1,192,768 E. $1,246,922

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