A) Assume that you wish to make annual deposits into a savings account. The interest rate offered by the bank is 11%, and you plan to save for the next 12 years. If your goal is for the present value of your savings to be equal to $4,058, how much money must you deposit every year?

B) Assume you've just received a bonus at work of $3,812. You deposit that money in the bank today, where it will earn interest at a rate of 7% per year. How much money will you have in the account after 5 years?

C) Assume one year the basket of goods has a price level of $105, and the following year that same basket of goods is priced at $106. What was the rate of inflation over that year?