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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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