Respuesta :

The cost of the house 10 years from now in the case when inflation rate should be 3% is $282,222.44.

Calculation of the cost of house:

Since

The house cost is $210,000

The time period is 10 years

And, the rate of interest is 3%

So,

[tex]= \$210,000 \times (1 + 0.03)^{10[/tex]

= $282,222.44

Hence, The cost of the house 10 years from now in the case when inflation rate should be 3% is $282,222.44.

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