matthew has been saving money from his summer job for the past two years. He has been doing this in order ro purchase a used car so he does not have to rely on his older brother for transportation. Two years ago the car he wanted was $2600. The inflation rates over the past two years were 3 percent and 2.5 percent, respectively. Assuming the price of the car increased at the inflation rates, how much did matthew have to save in order to purchase a car today?
