Given that the Consumer Price Index was 247.9 in January 2018 and 261.6 in January 2021, find the inflation rate from January 2018 to January 2021.

Q: What monthly rate of interest is equivalent to 3.6% p.a. compounding semi-annually?

A: = final amount = Principal = interest rate = number of times interest applied per time…

Q: Katie is 25 years old and wants to save $1 million for retirement in 30 years. Assume she invests in…

A: a) t = 0 yrs,  Savings required  = 1,000,000 ÷ (1 + 6.67÷100)0  = $1,000,000    b)  t = 10 yrs,…

Q: Two bonds are available on the market as follows: Bond 1: Face value $250, 5 years to maturity at a…

A: GivenBond 1:- face value $250, 5year at rate of 5%Bond 2:- face value $360, 3year at rate of rBoth…

Q: If the current yield of a bond goes down from 6.1% to 4.2%, by what percent does the market price…

A: Here we want to know what percentage market price increase.

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: 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: Today, a typical family of four spends $897.20/month for food.† If inflation occurs at the rate of…

A: Given Data: Let us consider the given data , The amount a typical spends for food is $897.20month.…

Q: Bank D pays 7.289% effective annual yield, on an investment account in which interest is compounded…

A: Bank 'D' pays annual yield effective -7.289 %using the formula1+APRNN=1+AEY100

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: CNBC.com reported mortgage applications increased 9.9% due to a decrease in the rate on 30-year…

A: Loan Amount = Home Price* (1 - Down Payment) Loan Amount = 325000 * 0.80 Loan Amount = $260000

Q: A price index was approximately 98.6 (base year 1992) at the beginning of 1991. If inflation…

A: Formula used A = P( 1 + R100 )t A = amount after time t P = initial amount R = rate

Q: The inflation rate in 2011 was 3.23%. Use this rate to find what salary at the end of 2010 would be…

A:

Q: The base period for the CPI changed in 1998. Under the previous weight and item structure, the CPI…

A: Given data,

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: A certain currency devaluates by 3 percent per year. If the initial amount is 100 units, then what…

A:

Q: According to the rule of 72,in about how many years will $74 be worth $37 if the rate of inflation…

A:

Q: effective interest rate per quarter

A: Effective Rate of interest: This is the total interest urn on Rupee one in a year even though the…

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: The net revenue of a company rose 3.6 %, while inflation rate was 3.0 %. Calculate the relative real…

A: Given that: Inflation rate = 3% Increase in Net revenue = 3.6%

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