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October 23, 2014

October 23, 2014

Posted by **James** on Sunday, July 15, 2012 at 10:29pm.

- Calculus -
**Reiny**, Sunday, July 15, 2012 at 10:48pmwhat is

500000(1.03)^5 ?

- Calculus -
**bobpursley**, Sunday, July 15, 2012 at 10:49pmAre they paying in cash?

The cost in dollars in five years will be 500,000(1.03)^5

But the real cost is dependent on the inflation rate (ie,how much less is a dollar worth in 5years, how much income will increase), and then, what will be the interest rates available in 5 years..Few folks pay cash for houses.

- Calculus -
**Catie**, Sunday, July 15, 2012 at 11:13pmPaying in cash. Thank you!

- Calculus -
**Catie**, Sunday, July 15, 2012 at 11:16pmDoing homework with James, thanks!

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