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Assume that the current price of a loaf of bread is $2.26. If the price of bread is expected to increase at an annual rate

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Assume that the current price of a loaf of bread is $2.26. If the price of bread is expected to increase at an annual rate of 3.1 percent per year, what will a loaf of bread cost exactly 38 years from today? Enter your answer as a dollar amount rounded to 2 decimal places, but do not include the dollar sign or any commas in your answer. For example, record $13,294.287342 as 13294.29

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