## The formula S=C(1+r)t, where C equals the value today, r equals the annual inflation rate (in decimal form), and S = the inflated value t

Question

The formula S=C(1+r)t, where C equals the value today, r equals 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 $140,000 be worth in 19 years? Round your answer to the nearest dollar.

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2021-11-23T12:18:40+00:00
2021-11-23T12:18:40+00:00 1 Answer
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## Answers ( )

Answer:353753 $

Step-by-step explanation:Given that the formula

where C equals the value today, r equals the annual inflation rate (in decimal form), and S = the inflated value t years from now

For the present requirement we have

To get the value after 19 years, we substitute for C, r and t

So value after 19 years would be 353773 dollars.