Fareed Zakarya has $2,400 that he wants to use to buy baseball cards. Baseball cards currently cost $1.00. Fareed can buy 2,400 baseball cards today, OR he can invest the $2,400 that he has now in an account paying a rate equal to 11 % rate compounded annually. Economists expect a rate of inflation equal to 2.00% next year. If Fareed invests his $2,400 in the account mentioned, how many baseball cards will he be able to buy next year?

Hint: To answer this question you first need to determine how much money Fareed will have in one year and then calculate the cost of each baseball card in one year given the expected inflation.