If inflation causes the cost of automobiles to increase by 3.5% each year, what should a car cost today if it cost $27,000 7 years ago? ​     $27,945.00     $43,356.10     $27,000.00     $34,351.54     $33,615.00

Q: Midsize cars depreciate (lose value) at a rate of 8.5% per year. a.If someone paid $14,100 for a…

A: Let us denote x=time , y=value Given that, initial amount= $14100, decay rate= 1 - 0.085=0.915 So…

Q: During a prolonged recession, property values on Long Island depreciated by 8% every six months. If…

A: future value can be calculated as FV = PV(1+i)n PV = $200000 i = rate of interest -ve for…

Q: A company is expected to result 600$ savings annually for the 5 years, if the rate of interest is 7%…

A: To find- A company is expected to result 600$ savings annually for the 5 years, if the rate of…

Q: If you invest $1000 into an account that compounds monthly at 3%, how much would you have in 5…

A: Given data of  investment,  Principle amount, P = $1000 Interest rate, r = 3% Compounded monthly, n…

Q: 16. A new car costs $28 500. It loses 11.4% of its value each year after it is purchased. Determine…

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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: If inflation has been running at 3.65% per year and a new car costs $18,900 today, what would it…

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Q: Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.

A: The answer is in the explanation.Explanation:A=P⋅e^(r⋅t)Where:A is the amount of money accumulated…

Q: savings account pays simple interest at 6% annually. If the account starts with $5000, how much will…

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Q: Anthony and Monet determine that they will need the equivalent of $4,200 monthly income (in today’s…

A: given  current monthly income =$4200 number of years =32 years inflation rate =3.5% claim- find the…

Q: Suppose a computer that costs $1,000 decreases in value by 17% each year. The estimated value of the…

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Q: 2. The average price of a compact car is $20,000. If the value of the car depreciates an average of…

A: Given: The average price of a compact car is $20,000.

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

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

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Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

A: given, principal (P)=$1       interest rate (R)=6%=6/100 =0.06      time (t)  = 300 years…

Q: Your grandma invested some money 64 years ago into an account earning 2.91% per year, compounded…

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Q: . If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this…

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Q: If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending…

A: The investment is compounded annually : Present value of Investment =  PV=1000PV = 1000  Interest…

Q: Inflation has been running 4% per year. A car now costs $30,000. How much (in dollars) would it have…

A: Inflation has been running 4% per year. A car now costs $30,000. How much (in dollars) would it have…

Q: If $800,000 is invested at simple interest at a rate of 6%, calculate the total amount after 5 years

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Q: If the price of goods is rising at 0.88% per quarter. And if a burger costs $15.20 today what will…

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