The formula S=C(1+r)ᵗ models inflation, where C= the value today, r= the annual inflation rate (in decimal form), and S= the inflated value t years from now. If the inflation rate is 6%, how much will a house now worth $54,000 be worth in 23 years? Round your answer to the nearest dollar. The house will be worth §____ (Round to the nearest dollar as needed.)




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