Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

If the present value of an item is P
and we experience an inflation rate
of r for t years, what will the future
value of the item be?
P = $300,000
r = 7% t = 30
Round your answer to the nearest cent (hundredth).