Fred has a clothing subscription service called Fred's Threads that lets subscribers order one outt per month for $45. After a year, due to an increase in the cost of materials, Fred raises his subscription rate by 6%. What is the new rate? $ If Fred's materials keep increasing his costs 6% each year, ll in the table below with the updated subscription costs after each year. If needed, round your response to the nearest penny. Year Cost 0 $45 1 $ 2 $ 3 $ 4 $