Question

If the inflation rate is 4%, how much will a house now worth $187,000 be worth in 23 years?

Answer 1

Answer:

$172040

Step-by-step explanation:

187,000 (0.04) = $7480

23(7480) = $172040.

-----------------OR-----------------

187,000 x 0.04 x 23 = $172040