1. Time Value of Money and Inflation By: Kim Zhirzhan

2. Definitions The Time Value of Money is the idea that something value changes over time due to consumerism Inflation is when an amount rises, the value of the dollar goes down because consumers aren't able to buy as much as they previously could with that same dollar.

3. The 1950s to Today ITEM: Buick Lesabre 1958 The item cost $1,495 in 1950. The item costs $26,500 today It has gone up $ 25005 That is a percent increase of 1672.58% So the inflation is 1672.58 %

4. The 1950s to Today ITEM: Porterhouse Steak The item cost 95 cents lb in 1950. The item costs $9.99 per pound today It has gone up $ 9.04 That is a percent increase of 951.59% So the inflation is 951.59%

5. The 1950s to Today ITEM: Aerocar 1951 The item cost $10,000 in 1950. The item costs 2.2 million today It has gone up $2,190,000 That is a percent increase of 2,190% So the inflation is 2,190 %

6. The 1990s to Today ITEM:Vintage Nintendo Game Boy Compact Video Game System The item cost $89.99 in 1990. The item costs $32.99 today It has down by $57 That is a percent increase of -63.34% So the inflation is -63.34%

7. The 1990s to Today ITEM: Lazy Boy Recliner The item cost $260.00 in 1990. The item costs $$299.99 today It has gone up $39.99 That is a percent increase of 15.38% So the inflation is 15.38%

8. The 1990s to Today ITEM: Cell phone The item cost $200 in 1990. The item costs $500 today It has gone up $300 That is a percent increase of 150% So the inflation is 150%

9. Questions: Calculating inflation over the past 60 years helps us to find how prices have changed over time. Why is it important that people get raises? I believe it’s important because without raises people can’t survive to live a decent life. If you get a 2% raise every year, will you be able to keep up with inflation? Why or why not? I don’t think it will help very much because many items are increase by a lot and 2% is only a 40 % increase. It cant keep up with it.

10. Conclusion: What I have learned ( You must use the terms Time Value of Money and Inflation in your paragraph) Over the past 60 years the time value of money for items has increased but some have decreased. Some items are very valuable now but some on the other hand cost a lot of money but now they decreased. Inflation is when the government makes too much money so the prices of everything go up.