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Rather than spending $100 on paint today, you decide to save the money until next year, at which point you will use it to paint

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Rather than spending $100 on paint today, you decide to save the money until next year, at which point you will use it to paint your room. Ita can of paint costs $10 today, how many cans will you be able to buy next year if the nominal interest rate is 21 percent and the expected inflation rate is 10 percent? Instructions: Enter your response as a whole number What will the price of a can of paint be next year? $ 121 b. What will your $100 savings be worth in one year? 5 How many paint cans will you be able to buy in one year? cons of paint

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