A gallon of milk cost $3.59 today. How much will it cost you to buy a gallon of milk for your grandchildren in 35 years if inflation averages 4.9% per year and milk prices increase along with the overall rate of inflation?

Enter the excel formula you would use to solve this problem.

Do NOT put any spaces in your formula and use capital letters. Also, please enter the RATE as a percentage.

Example: =PMT(3%,8,-500,0)