question archive The formula S=C(1+r) squared 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
The formula S=C(1+r) squared 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
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The formula S=C(1+r) squared 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 2?%, how much will a house now worth ?$193,000 be worth in 15 ?years? Round your answer to the nearest dollar.
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