3 . Interest, ination, and purchasing power Suppose Malia is a cinephile and buys only movie tickets. Maria deposits $3,00 in a bank account that pays an annual nominal interest rate of 5%. Assume this interest rate is xedthat is, it won't change over time. At the time of her deposit, a movie ticket is priced at $10.00. Initially, the purchasing power of Maria's $3,000 deposit is E movie tickets. For each of the annuai ination rates given in the foiiowing tabie, first detennine the new price of a movie ticket, assuming it rises at the rate of ination. Then enter the corresponding purchasing power of Maria's deposit after one year in the first row of the tahie for each ination rate. Finaiiy, enter the vaiue for the reai interest rate at each of the given ination rates. Hint: Round your answers in the rst rowI down to the nearest movie ticket. For example, if you nd that the deposit will cover 20.? movie tickets, you would round the purchasing power down to 20 movie tickets under the assumption that Maria will not but:r seventenths of a movie cket. Annual Ination Rate [1% 5% 8% Number of Tickets Maria lCan Purchase after {line Tear V v v Real Interest Rate it: 9/0 '34: remains the same falls when the rate of ination is equai to the interest rate on Halia's deposit, the purchasing power of her deposit 7 over the course of the year