SOLUTION: Hello and Thank you all (ahead of time) If the inflation rate is 6%, how much will a house now worth $65,000 be worth in 10years? Please show how to get to this (very thankful, so

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Question 106897: Hello and Thank you all (ahead of time)
If the inflation rate is 6%, how much will a house now worth $65,000 be worth in 10years? Please show how to get to this (very thankful, so I can comprehend the steps I need)

Answer by checkley75(3666)   (Show Source): You can put this solution on YOUR website!
p*r^t
65,000(1.06^10)=65,000(1.79)=116,405

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