Assume that most of your parents were in high school in 1995. This was 29 years...

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Assume that most of your parents were in high school in 1995. This was 29 years ago. Assume that inflation rates from the past will be the same as the equivalent time period into the future. Assume your children will graduate from high school in 2043. This assumes that you marry in the next few years or so and start a family, the same as your parents did in the past. This is 20 years into the future. Assume that you were born in 2004 or 2005. If you were born in another year, use the data from 1999. Calculate the problems below to 2 decimal points. CPI for that year (Index year was 1983) Year 1982 1995 1999 2021 2040 99 150 250 300 ??? 1. What has been the rate of change () since your parents graduated HS? be a decimal** **Use your rate of Change to calculate the rest ** 2. What has been the inflation % since your parents graduated HS? (Yr, 2021; Yr, 1995) **Will 3. What will your kids earn in minimum wage during their senior year in HS? Use the current wage as $7.25. 4. What will your kids pay at a gas station for a gallon of gas during their Senior year? Assume the current price is $3.05 5. What will your child earn as a first-year teacher after graduating college? Assume the current Texas teacher starting salary is $60,000. 6. What will a house cost your newly graduated (from college) child. Assume the current average house cost is $200,000. 7. What will a car cost your newly graduated child? Assume a $35,000 car. 8. What will you be expected to help pay for your high school graduates first year of college when they enter college in the fall of 2040? Assume you will be sending your child to you Alumni (your college of choice) 9. What will your child pay for a #2 with cheese on toasted buns their senior year of high school? Use the current price of $11.59 Assume that most of your parents were in high school in 1995. This was 29 years ago. Assume that inflation rates from the past will be the same as the equivalent time period into the future. Assume your children will graduate from high school in 2043. This assumes that you marry in the next few years or so and start a family, the same as your parents did in the past. This is 20 years into the future. Assume that you were born in 2004 or 2005. If you were born in another year, use the data from 1999. Calculate the problems below to 2 decimal points. CPI for that year (Index year was 1983) Year 1982 1995 1999 2021 2040 99 150 250 300 ??? 1. What has been the rate of change () since your parents graduated HS? be a decimal** **Use your rate of Change to calculate the rest ** 2. What has been the inflation % since your parents graduated HS? (Yr, 2021; Yr, 1995) **Will 3. What will your kids earn in minimum wage during their senior year in HS? Use the current wage as $7.25. 4. What will your kids pay at a gas station for a gallon of gas during their Senior year? Assume the current price is $3.05 5. What will your child earn as a first-year teacher after graduating college? Assume the current Texas teacher starting salary is $60,000. 6. What will a house cost your newly graduated (from college) child. Assume the current average house cost is $200,000. 7. What will a car cost your newly graduated child? Assume a $35,000 car. 8. What will you be expected to help pay for your high school graduates first year of college when they enter college in the fall of 2040? Assume you will be sending your child to you Alumni (your college of choice) 9. What will your child pay for a #2 with cheese on toasted buns their senior year of high school? Use the current price of $11.59