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

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Answer #1
2024 price 2030 price 2024 price 2030 price
Item 2018 price 4 % Inflation 4 % Inflation 9% inflation 9% inflation
A fast food meal $4.98 $6.30 $7.97 $8.35 $14.01
((4.98)*(1.04)^6) (4.98*(1.04)^12) ((4.98)*(1.09)^6) (4.98*(1.09)^12)
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