if inflation has been running at 3.3% per year and a washing machine costs $290 today, what would it have cost three years ago?
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3.
if inflation has been running at 3.3% per year and a washing machine costs $290 today, what would it have cost three years ago?
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- A given item now costs of ₱2,000. The cost of this item in 2years time is ₱2,247.00. The inflation rate per year is __.A small country is experiencing hyperinflation of 56% per month. A) By what percent have prices climbed after 5 months? B) If an item currently costs $14, how much will it cost after 1 year of such inflation? Text so i can copy itLaureen Mauer’s salary a yearago was $52,000. If inflation during theyear was 3.5 percent in Tampa whereshe lives, how much of a decline in herpurchasing power occurred? Also, whatwould be her purchasing power if deflationof 1 percent occurred?
- A machine cost P25,000 ten years ago. If the rate of inflation for the first 4 years is 6% and 9% on the years thereadter, find the cost of the machine now assuming that the cost in price was due to inflation only. Using this formula F=P(1+f)^n.You have the income of $70,000 this year and the income of $105,000 next year. The market rate is 5% pa. Under these circumstances, if you want to spend $80,000 this year, what is the maximum amount you can spend next year? $94,500$115,000$95,000$115,500$99,100Ten years ago, an item cost Php2,500. The rate of inflation for the first 4 years was 4%, during the next 3 years 6% and for the last 3 years 9%. Assuming that the increase in price were due to inflation alone, what is the average inflation rate during the 10 years?
- Your technicians are making $15 per hour today. Assuming inflation has been 3.3% over each of the past 3 years. What were they making per hour 3 years ago assuming today's salary has kept up with inflation? Typed answer please. I ll rate2. Suppose you start each month with a cash balance of P100,000 and you use cash evenly throughout the month, ending each month with a zero cash balance. a. What is the average cash balance each month? b. If you could earn 1% per month investing your cash, what is the opportunity cost, per month, associated with your cash balance?5) Suppose you will need $12,000 in 3 years. How much must you invest per month in order to have $12,000 if money earns an annual rate 6% compounded monthly? Use excel
- You invest $3000. How much would you have in an account that compounds continuously at 8.5% compared to one that compounds monthly at 8.5% after 10 years? A.$21 B.$236 C.$215 D.$1,106Suppose you have $1,000,000 today and starting a year from now you intend to spend this money over the next 30 years. Assume the nominal rate of interest is 9.2%, inflation rate of 5% and the real rate of interest is 4%. How much can you spend annually in real dollar terms over the next 20 years to ensure constant spending in real terms? A. $40,000.00 B. $57,830.10 C. $64,011.96 D. $73,581.75Suppose that your salary is $35,000 in year one, will increase at 6% per year through year 4, and is expressed in actual dollars as follows: End of Year Salary (A$) 1 $35,000 2 37,100 3 39,326 4 41,685 If the general price inflation is expected to average 8% per year for the first two years and 7% per year for the last two years, A. What is the salary in real terms year 2? B. What is the % of increase in real terms from year 1 to year 2? (expressed in decimals)
