Willis Elliott

01/19/2023 · Senior High School

The formula \( \mathrm{S}=\mathrm{C}(1+r)^{1} \) models inflation, where \( \mathrm{C}= \) the value loday, \( \mathrm{r}= \) the annual inflation rate (in decimal form), and \( \mathrm{S}= \) the inflated value I years from now, If the inflation rate in \( 7 \% \), how much will a house now worth \( \$ 126,000 \) be worth in 15 years? Round your answer to the nearest dollar. The house will be worth \( \$ \square \). (Round to the nearest dollar as needed.)