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#27

26. Over the past 10 years, the average inflation rate large government deficits related to COVID and projected deficits for ne some economists project that the inflation rate may rise to 7.6 percent per year. If the inflation the annual price increase) of a loaf of bread (assume a loaf of bread now costs $2.49), what will be the DIFFERENCE in the price of a loaf of bread 10 years from today (assuming an annual inflation rate of 7.6 percent instead of 1.8 percent)? 2,4689990990212069 27. What is the future value exactly one year after the last deposit of 40 annual deposits of $2,000 per year (first deposit to be made today) given an interest rate of 10.8% p.a.? On account exactly 7 years from today. How much Justin's account