If the inflation rate is 4%, how much will a house now worth $187,000 be worth in 23 years?

Question

asked Sep 13, 2022 188k views

1 Answer

Joslarson · Answer 1 · 2022-09-18T06:53:29+0000

Answer:

$172040

Explanation:

187,000 (0.04) = $7480

23(7480) = $172040.

-----------------OR-----------------

187,000 x 0.04 x 23 = $172040