Multiple Choice
Javier bought a house in 1974 for $49,000 and sold it in 2014. If the 1974 CPI is 49.3 and the 1997 CPI is 160.5, how much would the house be worth in 2014 dollars?
A) $235,260
B) $223,086
C) $195,157
D) $165,456
Correct Answer:
Verified
Correct Answer:
Verified
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