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The cost of a F-l50 truck was $29, 350 three years ago. If the cost increased only by the inflation rate and the price today is $33, 015, the inflation rate over the 3-year period was closest to: 3% 4% 5% 6% 7% You expect to receive an inheritance of $50,00 six years from now. Its present worth at a real interest rate of 4% per year and an inflation 3% per year is closest to: $27, 600 $29, 800 $33, 100 37.492 $50,000 Assume you save $6000 each year starting this year until your planned retirement 40 years from now. The buying power of the money in terms of today's dollars at the market interest rate at 10% Per year and inflation rate of 5% per year is closest to: $377, 200 485.300 $605, 350 $1, 318, 150 $2, 655, 550