1. the values below using the Rule of 72. a. If you bought a house for $150,000 and the annual inflation rate was 4 percent, how long would it take before the house, under good maintenance, would be worth $300,000? b. If you bought a Picasso painting at last week's auction for $200,000 and the annual inflation rate is 10 percent, how long would it take to double your money? c. If you went to the car show and bought a 1965 Mustang in mint condition for $25,000 and the annual inflation rate was 8 percent, when would your investment double? d. If your grandmother gave you her wedding ring, it was appraised at $1,200, and the annual inflation rate was 6 percent, how many years would it be before it was worth $2,400? e. If you bought an antique lamp for $3,000 and the inflation rate was 3 percent, how many years would it be before your investment doubled in value? 2. on how inflation, recession and depression affects you? Your family? The general population? 3. Who are the winners in times of high inflation? In times of recession? In times of depression? 4. Who are the losers in times of high inflation? In times of recession? In times of depression? 5. What can be done to minimize effects of difficult times due to high inflation, recession and/or depression? Provide specific examples to support your