3. Exploring the Essential Question You've decided to save $5,000 over three years in order to buy a
car. But you learn that the annual inflation rate is now 2.9 percent. So you can assume that a car
you like that costs $5,000 today will cost more in three years. If inflation stays the same each year,
about how much extra money, beyond the $5,000, should you also save in order to afford the car
you want?
a. $279
b. $323
C. $447