If inflation has been running at 4.83% per year and a new car costs $10,400 today, what would it have cost 4 years ago? A car that costs $10,400 today would have cost $ (Round to the nearest cent as needed.) 4 years ago.
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- Ten years ago, an item cost $2,500. The rate of inflation for the first 4 years was 4%, during the next 3 years, 6%; and for the last 3 years, 9%. Assuming that increases in price were due to inflation alone, what would the item cost now?If you lend your cousin $100 to be paid back in a year at 5% interest, In one year, what amount will you earn if there is no inflation vs if there is 3% inflation?If the inflation rate is 3%, how much will a house now worth $510,000 be worth in 5 years?
- Typically, how is inflation measured? daily weekly monthly quarterly annuallyYou accepted a new job 5 years ago and since that time, your performance has been stellar. You started at $60,000 and have received the same % raise each year of these last 5 years: your salary is now $72,999.17. If inflation was steady at 4.5%, are you doing better now than when you started?An economist has predicted that during the next 12 years, prices in the U.S. will increase 55%. He expects a further increase of 25% in the subsequent 8 years. Compute the annual inflation rate, f, for the entire 20-year period.
- If inflation has been running at 2.2% per year and a washing machine costs $460 today, what would it hace cost three years ago? What is the interest rate per period? i=If an item costs $200.00 today and the inflation rate is 3%, what will the price be in 10 years?If you invest S1000 now, what is the future dollars for 10 years, when IR is 6% and inflation rate is 4%. "Type the final answer in the box without the currency sign"
- Forty years ago, a gallon of gas cost $1.20. Today, a gallon of gas costs 2.60. Suppose that the gas price increase has been entirely due to inflation. a. Calculate the annual inflation rate. b. Today, you plan to make a cash purchase for a new car. The Model K costs $24,000 and you estimate the car will last 10 years and require 600 gallons per year. The Model M costs $28,000 but gets better mileage, so it will only require 400 gallons per year. The cars are identical in all other respects, and they will both be worthless after 10 years. Assume that gas prices will rise by the rate of inflation (that you calculated in part a. Further assume that all gas expenditures are incurred at the end of the year. If the nominal interest rate is 9% per year, which car should you purchase? Show all calculations and explain carefully.First month's shopping cart total is 565.54$ (base month) Second month's shopping cart total is 568.19$ Calculate the inflation rate SHOWING THE CALCULUS YOU MADE please write it clearly, preferably not on paperOnly typed answer and please don't use chatgpt Assume the inflation rate is 4% per year and the market interest rate is 5% above the inflation rate. Determine (a) the number of constant-value dollars 5 years in the future that is equivalent to $30,000 now and (b) the number of future dollars that will be equivalent to $30,000 now.