#1 Question : Kendra’s aunt sent her $50 for her birthday 10 years ago. At the time, Kendra wasn’t sure what she wanted to do with the money so she put it in a piggy bank and forgot about it. She just found this $50 in the piggy bank when she was cleaning her room. Over the past ten years, yearly inflation has averaged 2.46%. How much is Kendra’s birthday money worth now? #2 Question: If Kendra hadn’t found the money for another 10 years, and the average inflation rate continued, what would be the purchasing power of the $50?