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

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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?


Definitions:

Immunogenetic

Pertaining to the genetic basis and hereditary aspects of the immune response within organisms.

Plasmids

Circular DNA molecules that can replicate independently of the chromosomal DNA, often found in bacteria and used in genetic engineering.

Vertical Gene Transfer

The transmission of genetic material from parent organisms to their offspring, following the traditional flow of genetic information.

Antibiotic Resistance

The ability of bacteria to withstand the effects of an antibiotic to which they were once sensitive.

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