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
7%, use the formula to find out how much a house now worth $
99,000 will be worth in
6 years. Round your answer to the nearest dollar.
$
nothing
(Round to the nearest dollar.)