A homebuilders advertising had the caption inflation to


A homebuilder's advertising had the caption, "Inflation to Continue for Many Years." The ad explained that if one buys a home now for $297,000, and inflation continues at 7%, the home will be worth $819,400 in 15 years. Thus, by buying a new home now, one can realize a profit of $522,400 in 15 years. Do you find this logic persuasive? Explain.

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Business Economics: A homebuilders advertising had the caption inflation to
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