Final answer:
Inflation decreases the value of money over time. $5100 will be worth $3501.40 in 15 years, given an inflation rate of 2% per year.
Step-by-step explanation:
Inflation decreases the value of money over time. In this case, inflation decreases the value of money by 2% each year. To calculate how much $5100 will be worth in 15 years, we can use the formula for compound interest:
Future Value = Present Value * (1 + Inflation Rate)Number of Years
Substituting the given values into the formula, we get:
Future Value = $5100 * (1 - 0.02)15
Using a calculator, we can find that $5100 will be worth $3501.40 in 15 years.