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Question 2 (1 point) An economy is experiencing inflation at an annual rate of 4%. If this continues, what will $200 be worth 4 years
Question 2 (1 point) An economy is experiencing inflation at an annual rate of 4%. If this continues, what will $200 be worth 4 years from now in today's dollars? Round to the nearest cent (e.g., 100.00) Your Answer: Answer Question 3 (1 point) How much life insurance should a person buy if he wants to leave enough money to ensure that his family will receive $2000 per year in interest in current year dollars. The interest rate expected from the bank is 11%, while the inflation rate is expected to be 6% per year. (round to the nearest dollar). Assume n is infinite, you don't know when you will die and how long your family will live and need the money. Your
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