Answered: Inflation Housing prices have been…

Inflation Housing prices have been rising by 6% per year. A house now costs $250,000. What would it have cost 10 years ago? (Round your answer to the nearest cent.) $

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter5: Exponential And Logarithmic Functions

Section5.CR: Chapter Review

Problem 54E

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Question

Inflation Housing prices have been rising by 6% per year. A house now costs $250,000. What would it have cost 10 years ago? (Round your answer to the nearest cent.)

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