Find the cost of each item in 10 years, assuming an inflation rate of (5 %). a.

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Find the cost of each item in 10 years, assuming an inflation rate of \(5 \%\).

a. movie admission, \(\$ 8.00\)

b. \(\mathrm{CD}, \$ 14.95\)

c. textbook, \(\$ 120.00\)

d. electric bill, \(\$ 105\)

e. phone bill, \(\$ 45\)

f. pair of shoes, \(\$ 85\)

g. new suit, \(\$ 570\)

h. monthly rent, \(\$ 800\)

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