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Annual Inflation Rate Year 2 Percent 4 Percent 6 Percent 8 Percent 10 Percent 2019 $1,000 $1,000 $1,000 $1,000 $1,000 2020 980 962 943 926 909 2021 961 925 890 857 826 2022 942 889 840 794 751 2023 924 855 792 735 683 2024 906 822 747 681 621 2025 888 790 705 630 564 2026 871 760 665 584 513 2027 853 731 627 540 467 2028 837 703 592 500 424 2029 820 676 558 463 386 Using the table, what will the real value of $100 be in 10 years if you hide the money under your mattress and the inflation rate is: Instructions: Round your responses to two decimal places. Assume you hid the money under your mattress in 2019. a. 0% b. 2% C. 8%