1. The year 2018 price of a new car is given below. Find the estimated future prices required to fill the blanks in the chart.

Item	2018 price	2024 price 3% inflation	2030 price 3% inflation	2024 price 11% inflation	2030 price 11% inflation
New car	$36,100	______	______	______	______

2. The year 2018 price of a fast food meal at a certain restaurant is given below. Find the estimated future prices required to fill the blanks in the chart.

Item	2018 price	2024 price 2% inflation	2030 price 2% inflation	2024 price 9% inflation	2030 price 9% inflation
a fast food meal	$3.91	______	______	______	______

3. Suppose a savings and loan pays a nominal rate of 3.2% on savings deposits. Find the effective annual yield if interest is compounded quarterly.

4. Tanja wants to establish an account that will supplement her retirement income beginning

10

years from now. Find the lump sum she must deposit today so that

$300,000

will be available at time of retirement, if the interest rate is

8%,

compounded

quarterly.