Inflation is 3.5% and a gallon of milk costs $5.00. How much will a gallon of milk cost in 5 years if inflation continues at 3.5% per year? In the space below, please indicate what the following variables are (enter answers to four decimal places and be mindful as to whether the variable is a positive or negative number): 1. PV 2. FV 3. Rate % 4. Periods 5. Payment

Inflation is 3.5% and a gallon of milk costs $5.00. How much will a gallon of milk cost in 5 years if inflation continues at 3.5% per year? In the space below, please indicate what the following variables are (enter answers to four decimal places and be mindful as to whether the variable is a positive or negative number): 1. PV 2. FV 3. Rate % 4. Periods 5. Payment