document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=364457>Question 364457</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hi, I am in need of help. I need to show all the steps I utilized to get the final answer. If someone would be so kind as to help me, as I don't know where I should get started.  I would greatly appreciate it. :o) \r<BR>\n" );
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document.write( "Pg. 828, # 55\r<BR>\n" );
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document.write( "Directions: The formula S=C(1+r)^t  models inflation, where C= the value today, r= the annual inflation rate, and S=the inflated value t years from now. Use this formula to solve. Round your answer to the nearest dollar. \r<BR>\n" );
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document.write( "If the inflation rate is 6%, how much will a house now worth $465,000 be worth in 10 years? \r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #259862 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=259862\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The formula S=C(1+r)^t  models inflation, where C= the value today, r= the annual inflation rate, and S=the inflated value t years from now. Use this formula to solve. Round your answer to the nearest dollar. \r<BR>\n" );
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document.write( "If the inflation rate is 6%, how much will a house now worth $465,000 be worth in 10 years? \r<BR>\n" );
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document.write( "S=C(1+r)^t<BR>\n" );
document.write( "C=465,000<BR>\n" );
document.write( "r=6% , = 0.06<BR>\n" );
document.write( "t=10 years<BR>\n" );
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document.write( "S = 450000(1+0.06)^10<BR>\n" );
document.write( "S= 450000*(1.06)^10<BR>\n" );
document.write( "S=$805,881 after 10 years<BR>\n" );
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document.write( "m.ananth@hotmail.ca<BR>\n" );
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