3. Hari Seldon is planning for his retirement 6 years from now. He plans to deposit $30000 each year for 6 six years (i. e., 6 deposits in years 1–6) in a bank that offers a savings rate of 10% per year. Hari Seldon is also aware that inflation will be present during these 6 years and predicts the inflation rate to be 4% per year (during all 6 years). Answer the following questions.

(a) What is his expected bank balance 6 years from now?
(b) What is the purchasing power of his bank balance 6 years from now in current value of a dollar?
(c) What is the rate at which his purchasing power is growing with this investment?

Stormie zanzibar owns a bakery in the fictitious country of olombia. each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread. the list also dictates the types of goods she can sell at the bakery and what she is to charge. because of the regulations placed on these goods, stormie has increased her production of sweets, pies, cakes, croissants and buns and decreased her supply of breads, muffins and flat bread. she has taken these steps because the sweet goods’ prices are not government controlled. stormie zanzibar lives under what type of economy?