The price of an item in 2004 was 1.3 dollar. Use an inflation rate of 4 percent to calculate its price in 2030.

Q: Suppose your salary in 2015 is $40,000. Assuming an annual inflation rate of 9%, what salary do you…

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Q: If the average inflation rate is 2%, how long is it until purchasing power is cut in half?

A: Consider the provide information,  The general formula if the inflation averages a rate of r over n…

Q: If the average inflation rate is 4%, how long is it until purchasing power is cut in half?

A: We know that, If the rate of inflation averages r per annum over n​ years, the amount A that​ P will…

Q: When calculating present value, the _____ the interest rate, the smaller the present value amount.

A: Answer When calculating present value, the _____ the interest rate, the smaller the present value…

Q: What is the unemployment rate?

A: Unemployment rate=(No: of unemployed people/ Total population) *100 =(1.5/60)*100 =2.5%

Q: Estimate the price of one barrel of crude oil on January 12, 2015, and the rate at which it was…

A: Estimate the price of one barrel of crude oil on January 12, 2015, and the rate at which it was…

Q: If the average annual inflation rate is 3.1%, how long will it take for the CPI index to double? (A…

A: Given: the average annual inflation rate is 3.1% To find: how long it will take for the CPI index to…

Q: Chuong Ngo borrows $3600 from a bank that advertises a 9% simple interest rate and repays the loan…

A: Approximate the annual percentage rate (APR) of a simple interest rate loan by: where n is the…

Q: Find the cost of a CD in 12 years, assuming and inflation rate of 4.5%, if it’s present cost is…

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Q: What monthly interest rate equals a quarterly interest rate of 4%? Give your answer as a decimal…

A: First we have to know that number of times intrest applied per year in monthly and quarterly intrest…

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

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Q: At an annual inflation rate of 6.9%, how long will it take the Consumer Price Index (CPI) to double?…

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Q: 4) If an account pays interest compounded monthly, and the APR is 5.2%, what is the APY? (write the…

A: We have given APR=5.2% =0.052=rcompounded monthly…

Q: What is the simple interest rate on a $1350 investment paying $319.82 interest in 10.3 years?  %…

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Q: On June 10, 2010 The Boston Globe reported that in the five years between 2006 and 2011 Boston…

A: Inflation Rate: It is the rate at which the value of a currency is falling. This means that the…

Q: With an annual inflation rate of 1.91%, how much did an item that now costs $8600 cost 8 years…

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

A: To use the exponential model with the given data to find the required time

Q: If the inflation rate is 4% compounded annually, how long will it take for prices to double? years…

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Q: 20 years as two decades.  Explain why the inflation rate from 1990 to 2010 is not just the sum of…

A: Inflation Rate: The inflation rate is the rate at which the value of the currency falls and the…

Q: What is the simple interest rate on a $2100 investment paying $771.75 interest in 10.5 years?…

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Q: Chuong Ngo borrows $2400 from a bank that advertises a 6% simple interest rate and repays the loan…

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Q: Suppose your salary in 2015 is $60,000. Assuming an annual inflation rate of 3%, what salary do you…

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

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Q: What is the present value of 1700 dollars to be paid in 5 years, if the effective rate of interest…

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Q: What simple interest rate will convert a $200 investment into $220 in one year?

A: we know the formula: simple interest (SI)=P×r×t100 where P is the principle(investment) amount, r is…

Q: If you buy a 26 week T-bill with a maturity value of $1800 that sells for $1725.50, what is the…

A: We have to find annual simple interest rate when maturity value $1800 that sells for $1725.50 for 26…

Q: If the current CPI is 234.2 and the average annual inflation rate is 2.8%, what will be the CPI in 5…

A: The term CPI is the Current Price Index, which represents the relative change in the price of a…

Q: The cost of a cup of coffee today is $3.75. Find the cost of the same cup of coffee in 5 years,…

A: Given

Q: If the amount that $1000 will purchase is only $930 after 2 years, what was the average inflation…

A: The amount A that $P will purchase after n years if the inflation averages a rate of r over n years…

Q: The Paasche price index for 200S, with 2006 as the base year is:

A: Let po and qo denotes the base year price and quantities respectively. Let p1 and q1 denote the…

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

A: The inflation rate is the rate of change, or increase or decrease in the price of a commodity over a…

Q: if the inflation rate were 4%, how long will it take for $1 item to cost $2

A: Using this trick C2=c1(1.04)^x

Q: 3. Dave bought a car 8 years ago for $5400. To buy a similar car today would cost $12,500. Assuming…

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Q: In 1998 the annual cost of attending a public college was $10,069, and the costs were climbing by 6%…

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Q: If the inflation rate is 4.85% compounded annually, how long will it take for prices to double?

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Q: Chunong ngo borrows 2400 from a bank that advertises a 7% simple interest rate and repays the loan…

A: Let the given values as Principle, P=2400 Number of repayments = 4 Simple interest rate, r=7% Use…

Q: If the simple interest on $1,000 for 10 years is $600, then what is the interest rate? The rate is…

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Q: Chuong Ngo borrows 3600$ from a bank that advertises a 6% simple interest rate and repays the loan…

A: The formula to calculate the annual percentage rate (APR) for a loan is: APR = Fees+Interest Paid…

Q: A company gets a discount loan at a 12 percent interest rate.  They borrow $100,000 for one year.…

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Q: (a) If the inflation rate is 6%, how much will a house now worth $465, 000 be worth in 10-years? (b)…

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Q: What equivalent interest rate that corresponds a discount rate of 9.98% for 700 days?

A: Given: Let us determine the equivalent interest rate for a 9.98% discount rate over 700 days

Q: Your favorite snack costs $3.79 per package and a package lasts for one week. If the rate of…

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Q: Given that the Consumer Price Index was 247.9 in January 2018 and 261.6 in January 2021, find the…

A: Solution: From the given information, the consumer price index in January 2018 is 247.9 and the…

Q: If the annual rate of inflation is 4%, find the price of a good at the end of a year if its price at…

A: Let the price at the end of the year is x then by the formula of inflation x-2525×100=4% Because…

Q: The maturity value of a 50-day loan of $530 is $540. What is the annual simple interest rate (in…

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Q: Ivy Tech Tuition was $88.15 per credit hour in 2006. Use the CPI values to determine what the school…

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Q: Solve the problem. How long will it take for prices in the economy to double at a 12% annual…

A: NOTE: Refresh your page if you can't see any equations. . the given annual rate is r=12%=0.12 the…

Q: Suppose your salary in 2012 is $70,000. If the annual inflation rate is 5%, what salary do you need…

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