Question 1194970
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<pre>

Today is the year 2022.  


The cost of the $100,000 home in 2030, 8 years later, will be


    {{{100000*1.061^8}}} = 160591.69  dollars, accounting for inflation.


You compare it with $200,000,  the expected amount, and decide if it will be enough in the year 2030. 
</pre>

Solved.


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On inflation, &nbsp;see numerous solved problems in the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/logarithm/Inflation-and-Salary-problems.lesson>Inflation and Salary problems</A> 

in this site.


They are your &nbsp;TEMPLATES &nbsp;to learn from.