Determine predicted price of house in three years


Suppose rate of inflation is 4% per year, equation P=P0(1.04)t yields predicted price P of the item in t years which presently costs P0. Determine predicted price of $120,000 house in 3 years.

Request for Solution File

Ask an Expert for Answer!!
Mathematics: Determine predicted price of house in three years
Reference No:- TGS0859331

Expected delivery within 24 Hours