Question: Please solve parts A-C below: Assuming continuous compounding, what will it cost to buy a $40 item in 1 years at the following inflation rates?

Please solve parts A-C below:

Assuming continuous compounding, what will it cost to buy a $40 item in 1 years at the following inflation rates? a. 3% b. 4% c. 5% a. The cost at 3% is $ (Round to the nearest cent as needed.) b. The cost at 4% is S (Round to the nearest cent as needed.) c. The cost at 5% is S (Round to the nearest cent as needed )

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