11. The use of online banking would A) increase; menu B) decrease; shoe-leather C) increase; unit-of-account D) decrease; unit-of-account the cost of a high inflation rate.
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- QUESTION 4 If you deposit $10,000 in a bank account that pays a 5% interest compounded monthly for threeyears, what would be your economic loss if the general inflation rate is 6% during that period? when the general inflation rate %. (Round to three decimal places.) You will lose $ 549 a. The effective annual interest rate for the deposit is 5.116 is 6%. (Round to the nearest dollar.)1. Sally Johnson loaned a friend $10,000 at 15% interest, compounded annually. The loan will be paid in four equal end-of-year payments. Sally expects the inflation rate to be 3%. After taking inflation into account, what rate of return is Sally receiving on the loan? Compute your answer to the nearest 0.1%.Suppose the annual nominal interest rate is 7 percent and the inflation rate is 7 percent. If you deposit $1,000 in an interest-bearing checking account, at the end of the year: Multiple Choice your purchasing power will have decreased. your purchasing power will have increased. your savings will have a nominal decrease your purchasing power will have stayed the same.
- You and your spouse just adopted twin girls, little Heather and Beth. You want to make sure they are taken care of for the next 22 years. (A)Based on the following information, how much life insurance needs to be purchased for the husband using the income approach, if any? (B) How much, if any, needs to be purchased for the wife using the income approach? Assume 3% inflation rate. Market Labor Value Household Production Value Husband $72,000 $15,000 Wife $15,000 $40,0001.1. A decline in money purchasing power. Annual inflation was 7%. The percentage of money decreased purchasing power? Task 1.2. How will the purchasing power of money change during the year if there is a constant inflation rate of 1.5% in the quarter? 1.3. The bank pays a constant simple percentage of 10% a year. What amount should be invested in a bank account in order to accrue EUR 1000 after 4 years? 1.4. Holding period yield HPR holding period return. The deposit certificate was purchased 7 months before the maturity of 1000 euro and sold 2 months before the maturity date of the deletion of EUR 1200. What is the profitability of this financial operation for annual fruit in the form of a rate? Objective 1.5. How much money needs to be invested today in a bank that pays 12% a year and capitalizes fruit every quarter to get £1,000 after 6 years? 1.6. The bank is offering 18% a year, inflation is 15% a year. What is the real fruit rate? 1.7. EUR 1500 is invested in the bank account.…Interest RatesSuppose that you make a loan of $1,500 to your friend at a rate of 10% interest because you expect the inflation rate to be 5%.a) By how much does your purchasing power increase once the loan is completely paid off?b) Assuming that after the loan was repaid, you discovered that inflation rate over the life of the loan was only 2%. Who gained?
- 3. An economist has predicted that for the next 5 years, the U.S. will have a 2.5% annual inflation rate, followed by 5 years at a 3.5% inflation rate. This is equivalent to what average price change per year for the entire 10-year period?Hyperinflation has struck your country! Over the past year the price of a loaf of bread has increased from $2 to $52,858. What is the annual rate of inflation suggested by this increase? Put your answer in percentage form (e.g. 30.57 not 0.3057) and then round to two decimal places.6. You have decided that in order to have a comfortable retirement you will need to replace $65,000 in income each year in retirement. Assuming you will need 20 years of retirement income and an inflation rate of 3.5%, how much will you need to have saved up in order to meet your goal on the day you retire?
- Over the last 10 years, the average rate of inflation has been 1.61%. what is the purchasing power of a dollar today in terms of what a dollar could purchase in 2008?Answer the following question in detail, showing every step of calculation and EXPLAINING why something happens when it happens, use diagram if appropriate. The answers must be typed in MS Word. 1. Suppose you bought shares of a company for TK 10,000 last year, this year you sold it for TK 20,000. You are supposed to pay a 10% tax on capital gain. Explain the impact of a 100% inflation on the capital / gain profit you make.Suppose, you are planning to put away $20,000 of your savings for one year. You have the following options: 1.) Buy an indexed savings bond that earns 6.50% interest rate for the next year or, 2.) Buy a non-indexed savings bond that earns 11.00% interest rate for the next year. The inflation rate for the next year is expected to be 4.50%. Which option will you choose for the next year? OA. The non-indexed bond should be chosen as it pays a higher rate of interest. OB. The rate of inflation should not play a role in making this decision. OC. It does not matter whether the indexed or the non-indexed bonds are chosen, since they pay the same real rate of interest. D. The indexed bond option should be chosen as it protects from inflation.