John bought his car 3 years ago worth 230,000, his friend Joshua bought the same model this year costing 320,000. Compute for the inflation rate. Rate: % ( 2 decimal places)
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- the uninflated present wort is 3000 in two years is 2308. what is the rate of inflation if the real rate of interest is 10%The bank is paying 11.26% compounded annually. The inflation is expected to be 17.56% per year. What is the inflation rate?The bank is paying 11.42% compounded annually. The inflation is expected to be 5.67% per year. What is the market interest rate?
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- A machine costs $20,000 today. If inflation is 8% per year and interest is 10% per year, what will be the appropriate future value of the machine adjusted for inflation in 5 years? no excelThe cost of first-class postage has risen by about 5% per year over the past 30 years. The U.S. Postal Service introduced a one-time forever stamp in 2008 that cost 41 cents for first-class postage (one ounce or less), and it will be valid as first-class postage regardless of all future price increases. Let’s say you decided to purchase 1,000 of these stamps for this one-time special rate. Assume 5% inflation and your personalMARR is 10% per year (im). Did you make a sound economical decision?Find the real amounts (with today as the base year) corresponding to the current amounts shown below for a 4% inflation rate. (a) $400 three years from now (b) $400 three years ago (c) $10 next year (d) $350983 in 10 years from now