What has the inflation rate been on gas

Reference no: EM13257987

1. You currently have $400,000 and expect to spend $30,000 per year for twenty years. If the interest rate is 8%, how much will you have or how much will you owe in twenty years?

2. 20 years ago gas costs $2 a gallon and it now costs $3. What has the inflation rate been on gas?

Reference no: EM13257987

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