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38 Assume that the current price of a loaf of bread is $3.39. If the price of bread is expected to increase at an annual

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Assume that the current price of a loaf of bread is $3.39. If the price of bread is expected to increase at an annual rate of 3.4 percent per year, what will a loaf of bread cost exactly 32 years from today? Enter your answer as a dollar amount rounded to 2 decimal places, but do not include the dollar sign or any commas in your answer. For example, record $13.294.287342 as 1329429. Your Answer: Answer Page 38 of 40

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