The Consumer Price Index (CPI) increased from 300 to 400 over 15 years. What was the annual inflation rate? Less than 2% Between 2% and 2.5% Between 2.5% and 3% Greater than 3%
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- No written by hand solution If the consumer price index was 100 in the base year and 103 in the following year, then the inflation rate was a. 3 percent b.1.03 percent c.-3 percent d. 0.3 percentPrices are increasing at an annual rate of 6% the first year and 10% the second year. Determine the average inflation rate (f) over these two years.Calculate the inflation-adjusted interest rate when the annualized inflation rate is 7% per yar and the real interest rate is 4% per year..
- The price index was 120 in Year 1 and 126 in Year 2. What was the inflation rate?SA Forest Resources purchased forest acreage for $500,000 from which an estimated 200 million board feet of lumber are recoverable. The company will sell the lumber for $0.10 per board foot. No lumber will be sold next year because an environmental impact statement must be completed before harvesting can begin. In years 2 through 10, however, the company expects to remove 20 million board feet per year. The inflation rate is 8%, and the company’s MARR is 10%. Determine the depletion amount in years 1 and 2 by the cost depletion method.Cross-Country Shipping, Inc. had “Revenues” of $5,750,000 during its most recent fiscal year and “Labor Costs” of $2,250,000. The firm is expecting an inflation rate of 6.0% during the coming year. Given this information calculate the following values for the coming year for Save-Rite Grocers: “Revenues:” “Labor Costs:”
- A country is experiencing an inflation rate of exactly 100 percent per month for 4 months. At the end of 4 months, the price level has increased _____ times in relationship to the initial period.Calculate the present worth of $35,000 to be received 6 years from now, if the predicted real rate of return is 15% per year and the inflation rate is 10% per year. The present worth of $35,000 is $ .Labor costs over a 4-year period have been forecast in thencurrent dollars as follows: $10,000, $12,000, $15,000, and $17,500. The general inflation rate for the 4 years is forecast to be 5%. Determine the constant-dollar labor costs for each of the 4 years.
- Calculate the inflation-adjusted interest rate when the annualized inflation rate is 7% per year and the real interest rate is 4% per year.The CPI-U (U.S. city average, all items) has the following annual averages: a. For each year from 2014 to 2017 determine the annual inflation rate inpercent to two decimal places. b. Because inflation, like interest, is compounded from period to period (e.g., year to year), estimate the overall annual inflation rate per year from 2013 to 2017. Suggestion! Do not simply average the rates of part (a).For a nominal inflation-adjusted interest rate of 24% per year compounded monthly, calculate the real interest rate per month when the inflation rateis 0.5% per month.