document.write( "Question 1194970: The US inflation rate is steady at 6.1%. If John expects an amount of USD
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\n" ); document.write( "100,000.00 today? \n" ); document.write( "

Algebra.Com's Answer #827278 by ikleyn(52776) $\"\"$ $\"About$

You can put this solution on YOUR website!
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document.write( "Today is the year 2022.  \r\n" );
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document.write( "The cost of the $100,000 home in 2030, 8 years later, will be\r\n" );
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document.write( "     = 160591.69  dollars, accounting for inflation.\r\n" );
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document.write( "You compare it with $200,000,  the expected amount, and decide if it will be enough in the year 2030. \r\n" );
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\n" ); document.write( "\n" ); document.write( "On inflation, see numerous solved problems in the lesson\r
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