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Year Annual Inflation Rate 2 Percent 4 Percent 6 Percent 2022 8 Percent $ 1,000 10 Percent $ 1,000 $ 1,000 2023 $ 1,000
Year Annual Inflation Rate 2 Percent 4 Percent 6 Percent 2022 8 Percent $ 1,000 10 Percent $ 1,000 $ 1,000 2023 $ 1,000 980 $ 1,000 962 943 926 2024 909 961 925 890 857 826 2025 942 889 840 794 751 2026 924 855 792 735 683 2027 906 822 747 681 621 2028 888 790 705 630 564 2029 871 760 665 584 513 2030 853 731 627 540 467 2031 837 703 592 500 424 2032 820 676 558 463 386 Using the table, what will the real value of $100 be in 10 years if you hide the money under your mattress and the inflation rate is Instructions: Round your responses to two decimal places. Assume you hid the money under your mattress in 2022. a. 0%. $ b. 2%. $ c. 6%. S
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