document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1039900>Question 1039900</A>: <I><SPAN STYLE=\"word-break: break-all;\"> S=C(1+R)^t Using this formula solve \r<BR>\n" );
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document.write( "if the inflation rate is 4%, how much will a house now worth $500,000 be worth in 6 years?\r<BR>\n" );
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document.write( "how many years will it take to double today's value at a rate of 3%\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 #654654 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=654654\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> S=C(1+R)^t Using this formula solve <BR>\n" );
document.write( "if the inflation rate is 4%, how much will a house now worth $500,000 be worth in 6 years? <BR>\n" );
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document.write( "S = 500,000(1.04)^6<BR>\n" );
document.write( "S = $632659.51<BR>\n" );
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document.write( "how many years will it take to double today's value at a rate of 3%<BR>\n" );
document.write( "Solve:: (1.03)^t = 2<BR>\n" );
document.write( "t = log(2)/log(1.03) = 23.45<BR>\n" );
document.write( "Answer:: 23 years<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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