Today, a typical family of four spends $897.20/month for food. If inflation occurs at the rate of 2%/year over the next 7 years, how much should the typical family of four expect to spend for food 7 years from now? (Round your answer to the nearest cent.)

$ per month

Eight and a half years ago, Chris invested $10,000 in a retirement fund that grew at the rate of 2.82%/year compounded quarterly. What is his account worth today? (Round your answer to the nearest cent.) $