Complete at least one of the following:

Option 1: Visit the Bureau of Labor Statistics CPI Inflation Calculator website. Use the calculator, select your own numbers to complete what if scenarios, and complete the table. Try some long-term examples (over 30 years) and some short-term examples (a few years). ie: $x in month, year = has the same purchasing power as $x in month, year.

Option 2: Visit the MSN Time Value of Money Calculator website page. Use the TVM calculator Future Value tool to determine the future value of a $25 monthly investment with an annual interest rate of 5%, compounding month, starting with a present value of $500. Experiment with the tool and share three additional examples, based on your own values for investment and interest, etc.