the reach 300? 70. Consumer Price Index If the current CPI is 234.2 and the average annual inflation rate is 2.8%, what will be the CPI in 5 years?

Q: 2. Kei is required to pay P57,000 in 15 days or P60,000 in 60 days. Find the annual rate of interest…

A: Given :

Q: What annual interest rate is earned by a 26-week T-bill with a maturity value of $9,500 that sells…

A: It is given that, maturity value=$9,500, purchase price=$8,915    and  number of days to maturity=…

Q: 61. Inflation If the average inflation rate is 2%, how long is it until purchasing power is cut in…

A:

Q: Mary Toy borrowed $3,000 from her parents and repaid them $3,060 after 9 months. What simple…

A:

Q: 57. Inflation If the inflation rate averages 3%, how much will $1000 purchase in 2 years?

A:

Q: Use the savings plan formula to answer the following question. At age 40, you start saving for…

A:

Q: A financial institution is willing to lend you $400. However, $450 is repaid at the end of one week.…

A:

Q: The price of an item in 2004 was $1.3. Use an inflation rate of 4% to calculate its price in 2030.…

A: The inflation formula is: The inflation value is 4%. The initial price was $1.3.

Q: 59. Inflation If the amount that $1000 will purchase is only $950 after 2 years, what was the…

A: Given that  P = 1000, A = 950  and  n = 2

Q: The price of an item in 2004 was 1.3 dollars. Use an inflation rate of 4% to calculate its price in…

A: Given Price of an item in 2004 = $1.3 Inflation rate = 4%

Q: A house was valued at $95,000 in the year 1995. The value appreciated to $170,000 by the year 2008.…

A:

Q: Stocks in a certain industry depreciated by 5.4% in the first 8 months of 1993. Assuming that this…

A: For the given amount of $30,000 if depreciated 5.45% in the first 8 months the investment be worth…

Q: Use the savings plan formula to answer the following question. At age 39, you start saving for…

A: Given that , A=$1 million=$1000000r=5%=5100=0.05t=26 yearsn=12 find Monthly payment.

Q: Arnold has determined that he can afford a monthly payment of $325 for a car. If he can obtain a…

A: When the interest is simple, the formula used is A=P(1+rt) , where, A is the final amount, P is the…

Q: 58. Inflation If the inflation rate averages 2%, how much will $1000 purchase in 3 years?

A: Inflation implies that the value of money decreases with time. Inflation rate of 2% implies that the…

Q: The principalP is borrowed and the loan's future value A at time t is given. Determine the loan's…

A: Here we will find out the required value of simple rate of interest.

Q: If the present value of an item is P and we experience an inflation rate of r for t years, what will…

A: solving the problem by finding the value of the future value.

Q: Consider having a personal loan that spans 50 years. The loan was only taken out for $1000, but the…

A: Consider having a personal loan that spans 50 years. The loan was only taken out for $1000, but the…

Q: Parents wish to have $100,000 available for a child's education. If the child is now 6 years old,…

A:

Q: certain appliance depot sells a new smart phone for 18,000 php. It offers the buyer payments of 405…

A: Given query is to find the interest rate charged.

Q: 7. If a $2,500 investment grows to $2,875 in 15 months, what simple interest rate was earned? (Hint:…

A:

Q: Stocks in a certain industry depreciated by 5.4% in the first 8 months of 1993. Assuming that this…

A:

Q: You borrow $600 for 60 days at a simple interest rate of 3.8%. What is the interest on the loan? Be…

A: Principal = $600 Number of days  = 60 = 2 months Simple interest for 2 months = 2*(3.8/12) = 0.633%

Q: Calculate the nominal rate of interest convertible once every four years that is equivalent to a…

A: Given:- To find Nominal rate of interest  convertible  once every four years is equivalent to a…

Q: You borrow $750 for 105 days at a simple interest rate of 5.1%. What is the interest on the loan? Be…

A:

Q: A professional athlete signs a three-year contract in which the earnings can be modeled by  c =…

A:

Q: Find the time it would take for the general level of prices in the economy to double at an average…

A:

Q: how expensive of a mortgage can you afford?

A:

Q: A house was valued at $120,000 in the year 1994. The value appreciated to $150,000 by the year 2005.…

A: To find the growth rate

Q: 62. Inflation If the average inflation rate is 4%, how long is it until purchasing power is cut in…

A: The inflation represent decline in the purchasing power or value. For example consider the annual…

Q: You want to buy a $17,000 car. The company is offering a 4% interest rate for 6 years. What will…

A:

Q: The price of an item in 2004 was 1.3 dollar. Use an inflation rate of 4 percent to calculate its…

A: Given, Price of an item in 2004 = 1.3 dollar Annual inflation rate = 4% Number of years = n = 26

Q: Inflation If the purchasing power of $1000 is only $950 after2 years, what was the average inflation…

A: Given: If the purchasing power of $1000 is only $950 after2 years, what was the average inflation…

Q: You are considering taking out a loan of $5,000.00 that will be paid back over 12 years with monthly…

A: Given information Loa amount P=$5,000 monthly payment PMT=$44.51 Paid back in 12 years compounded…

Q: (a) Find the actual value of the athlete's contract. (b) Assuming an annual inflation rate of 4%,…

A: Actual value, present value

Q: You plan to purchase a home mortgage for a home that costs $1,329,731 with a 4% interest rate for 40…

A: Given Data: The cost of the home mortgage is: P=$1329731 The interest rate is: r=4% The time period…

Q: The nominal interest rates is:

A: The nominal interest rate is the percentage increase in money you pay the lender for the use of the…

Q: Parents wish to have $150,000 available for a child's education. If the child is now 6 years old,…

A: Given that  Parents wish to have $150000 available for a child's education.  Present age of a…

Q: Stocks in a certain industry depreciated by 5.4% in the first 5 months of 1993. Assuming that this…

A: If rate of depreciation is r % per period Present value is P. Then depreciated value after n periods…

Q: KOFI MENSAH borrows GHS 10,000 on a mortgage. The principal is to be paid by annual payments, the…

A:

Q: Financial analysts forecast Safeco Corp's (SAF) growth rate for the future to be 8 percent. Safeco's…

A:

Q: Find the cost of the item in five years, assuming a constant inflation rate of 9% H.) Tuition,…

A: The future value of a product having a current value of $ P which appreciate at a rate of r %…

Q: The minimum hourly wage was P50 in 1960 and P257.50 in 2000. What is the average annual inflation…

A: Here we have to find the average annual inflation rate in the minimum wage.

Q: 20 years as two decades.  a) use the inflation rate calculator to find the inflation rate (as a…

A:

Q: Suppose your salary in 2014 is $70,000$⁢70,000. If the annual inflation rate is 5%5%, what salary do…

A: Given: Salary in 2014 is, P=70000 Inflation rate per annum, r=5% The objective is to find the salary…

Q: Solve the problem. 10) How long will it take for prices in the economy to double at a 4% annual…

A: Recall the following fact.

Q: Suppose you have $5200 deposited in an account with interest compounded monthly. After 8 year the…

A: Given query is to find the rate of interest.

Q: You plan to purchase a home mortgage for a home that costs $672096 with a 4% interest rate for 24…

A: