The average price of the gasoline in 2021 was $3.01 per gallon. In 2001, the average price was $1.46. What was the average annual rate of increase in the price of gasoline over this 20-year period?
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The average price of the gasoline in 2021 was $3.01 per gallon. In 2001, the average price was $1.46. What was the average annual rate of increase in the price of gasoline over this 20-year period?
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- If gasoline prices have increased over the past 32 years from 25.9 cents per gallon to $3.459 per gallon, what is the average annual rate of increase?During a 12-month period, gas prices increased from $3.399 per gallon to $4.659. What is the percent increase, to the nearest tenth of a percent?Assume that in 2020, a Liberty Seated half dollar issued in 1890 was sold for $197,000. What was the rate of return on this investment?
- If sales are $1,150,000 in 2022 and this represents a 15% increase over sales in 2021, what were sales in 2021?If the price of a gallon of regular gasoline is $2.49 and the anticipated rate of inflation in energy prices is such that the cost of gasoline is expected to rise by 5 percent per year, what is the expected price per gallon in 10 years? The expected price per gallon of gas in 10 years is $ (Round to two decimal places.)What is the formula for forecast of sales revenue for 20 years at an increase of revenue of 20% each year?
- The prospective maintenance expenses for a commercial heating, ventilating, and air-conditioning (HVAC) system are estimated to be $12,200 per year in base-year dollars (assume that b = 0). The total price escalation rate is estimated to be 7.6% for the next three years (e1,2,3 = 7.6%), and for years four and five it is estimated to be 9.3% (e4,5 = 9.3%). The general price inflation rate ( f ) for this five-year period is estimated to be 4.7% per year. Develop the maintenance expense estimates for years one through five in actual dollars and in real dollars, using ej and ej values, respectively.Sales are $2.6 million in 2020, $2.7 million in 2021, and $2.5 million in 2022. What is the percentage change from 2020 to 2021? What is the percentage change from 2021 to 2022? Be sure to indicate whether the percentage change is an increase or a decrease.If the price of a gallon of regular gasoline is $2.49 and the anticipated rate of inflation in energy prices is such that the cost of gasoline is expected to rise by 5 percent per year, what is the expected price per gallon in 10 years? The expected price per gallon of gas in 10 years is $
- The purchase price of an acre of land in the Louisiana purchase in 1803 was about 4 cents. Suppose the value of this property grew at an annual rate of 4.9% compounded annually. What would an acre of land be worth in 2020?A small business spent $125,000 for raw material during 2020. It anticipates the cost of raw material will increase, due to inflation, at a rate of 3% per year. It also anticipates that the amount of raw material required will increase at a rate of 8% per year due to increased demand for the firm’s products. If the business has a 10% real required return on its investments, what is the present worth of the cost of raw material over the 5- year period (2021–2025)?JBL expects to sell 7,000 units of wireless earbuds this year at P7,199.00 each. What is the projected sales revenue? ROS Corporation sold 9,000 flashlight umbrellas in 2020. Their expected units to be sold this year is 10,000 units. What is the percentage change in sales volume?