menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Practical Purposes
  4. Exam
    Exam 21: Savings Models
  5. Question
    Mildred Bought a House in 1962 for $17,000 and Sold
Solved

Mildred Bought a House in 1962 for $17,000 and Sold

Question 79

Question 79

Short Answer

Mildred bought a house in 1962 for $17,000 and sold it in 2014. If the 1962 CPI is 30.2 and the 2014 CPI is 236.7, how much would the house be worth in 2014 dollars?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q74: In Questions make the assumption that the

Q75: Merrie borrowed $1000 from her parents, agreeing

Q76: A man borrowed $29,000 for two years

Q77: Use the following information to solve the

Q78: In Questions make the assumption that the

Q80: In Questions make the assumption that the

Q81: A computer was purchased in 1996 for

Q82: If the current inflation rate of 3%

Q83: You have $7000 that you invest at

Q84: Michael wants to make an investment that

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines