Question 2 The table below provides forecast of inflation rates for the next 50 years.

Years Expected annual inflation

0-10 1.3%

11-20 2.1%

21-30 3.0%

31-40 1.9%

41-50 2.5%

How much would you expect to pay 50 years from now for each of the following?

A] $2.99 Coffee. B] $40,000 Car. C] $600,000 House.