The formula upper s equals upper c left parenthesis 1 plus r right parenthesis superscript t models inflation, where cequalsthe value today, requalsthe annual inflation rate (in decimal form), and sequalsthe inflated value t years from now. if the inflation rate is 3%, use the formula to find out how much a house now worth $71 comma 000 will be worth in 25 years. round your answer to the nearest dollar.
