Answer:
suburban cost = 44052.41
Step-by-step explanation:
given data
annual inflation rate = 3%
time = 5 year
today's price = $38,000
to find out
suburban cost
solution
we get here suburban cost that is
suburban cost = today's price ×
.................1
put here value and we get
suburban cost = $38,000 ×
suburban cost = 44052.41