A software company’s labor requirements currently cost $150,000/year. The labor hour requirements are expected to increase by 12% per year over the next five years. If inflation is 5%, determine the labor costs after 5 years using: a) Then-current dollars. b) Constant-worth dollars
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- An economist has predicted that during the next 12 years, prices in the U.S. will increase 55%. He expects a further increase of 25% in the subsequent 8 years. Compute the annual inflation rate, f, for the entire 20-year period.How many future dollars 10 years from now willhave the same buying power as $10,000 today?The market interest rate is 12% per year and the inflation rate is 7% per year.Inflation rates: 1) 1960 to 1970 __29.01%______ 2) 1970 to 1980 __105.82%______ 3) 1980 to 1990 __63.75_______ calculate the average inflation per year for the entire 30-year period using the 1+/1- trick.
- You just made an investment in an insurance policy that is guaranteed to pay you $2.3 million 20 years from now provided you live that long. What will be the purchasing power of that amount with respect to today’s dollars if the market interest rate is 8% per year and the inflation rate stays at 5.1% per year over the 20-year period?You just made an investment in an insurance policy that is guaranteed to pay you $2.3 million 20 years from now provided you live that long. What will be the purchasing power of that amount with respect to today’s dollars if the market interest rate is 8% per year and the inflation rate stays at 4.7% per year over the 20-year period? The purchasing power of this amount is $ .A software company’s labor requirements currently cost $350,000/year. The labor hour requirements are expected to increase by 10% per year over the next five years. If inflation is 4%, determine the labor costs after 5 years using: a. Then-current dollars. b. Constant-worth dollars.
- An offshore services company is considering the purchase of equipment that has a cost today of $96,000. Inflation is a concern. The manufacturer plans to raise the price exactly in accordance with the inflation rate that may be somewhere between 1% and 8% per year. Develop a graph of how much the equipment will cost 3 years from now in terms of both (a) CV, and (b) future dollars.Well-managed companies set aside money to pay for emergencies that inevitably arise in the course of doing business. If a commercial solid waste recycling and disposal company puts 0.5% of its after-tax income into such an account, how much will the company have after 7 years, provided the company’s after-tax income averages $15.2 million per year? The inflation and market rates are 5% per year and 9% per year, respectively.Health care costs are reportedly rising at an annual rate that is triple the general inflation rate. The current inflation rate is running at 4% per year. In 10 years, how much greater will health care costs be compared with a service/commodity that increases at exactly the 4% general inflation rate?
- A machine cost $2,550 on January 1, 2014, and $3,930 on January 1, 2018. The average inflation rate over these four years was 7% per year. What is the true percentage increase in the cost of the machine from 2014 to 2018? (a) 14.95% (b) 54.12% (c) 7.00% (d) 17.58% (e) 35.11%.If the Consumer Price Index was 208.5 on January 1, 2010, and 10 years after it was 516.71. What was the inflation rate, compounded annually, over that 10-year period? If that rate continues to hold for the next 10 years, what Consumer Price Index can be expected on January 1, 2030?WHAT IS THE INFLATION RATE IF THE PRICE OF AN ELECTRIC FAN BECOMES P2000.00 IN 5 YEARS FROM THE ORIGINAL PRICE OF P1200.00?