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The formula S=C(1+r)t 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 formula
S=C(1+r)t
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
3%,
how much will a house now worth
$192,000
be worth in
17
years? Round your answer to the nearest dollar.
The house will be worth
$
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