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Suppose that prices increase 2.5% each year for 10 years. How much will a jacket that costs $100 today cost in 10 years? Hint: Think

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Suppose that prices increase 2.5% each year for 10 years. How much will a jacket that costs $100 today cost in 10 years? Hint: Think of the cost as the balance in a savings account with an APY of 2.5% and an initial investment of $100. (Enter your answer to the nearest dollar and do not include a dollar sign or decimal points in your answer.) The jacket will cost S in 10 years

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