A house that 21 years ago was worth $190,000 has increased in value by 4% each year because of inflation. What is its worth today? (Round your answer to the nearest cent.)

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
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Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
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This is question 13 from my homework, thank you for the help!

A house that 21 years ago was worth $190,000 has increased in value by 4% each year because of inflation. What is its worth today? (Round your
answer to the nearest cent.)
2$
Transcribed Image Text:A house that 21 years ago was worth $190,000 has increased in value by 4% each year because of inflation. What is its worth today? (Round your answer to the nearest cent.) 2$
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