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Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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Suppose you needed $16,000 to maintain a particular standard of living in 1979. How much would you have needed in 1997 to maintain the same standard
Average Annual Consumer Price Index (CPI) (1982-1984=100)
CPI
of living? Assume that all prices have risen at the same rate as the CPI.
Year
Year
CPI
Year
CPI
103.9
152.4
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1973
44.4
1995
How much would you have needed?
107.6
1996
1997
1974
49.3
1975
1976
1977
156.9
160.5
163.0
53.8
109.6
56.9
113.6
1998
(Round to the nearest dollar.)
60.6
118.3
1999
166.6
1978
1979
1980
1981
1982
1983
172.2
177.1
2000
2001
2002
2003
2004
2005
65.2
124.0
72.6
130.7
82.4
90.9
96.5
99.6
136.2
140.3
144.5
148.2
179.9
184.0
188.9
195.3
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Transcribed Image Text:Suppose you needed $16,000 to maintain a particular standard of living in 1979. How much would you have needed in 1997 to maintain the same standard Average Annual Consumer Price Index (CPI) (1982-1984=100) CPI of living? Assume that all prices have risen at the same rate as the CPI. Year Year CPI Year CPI 103.9 152.4 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1973 44.4 1995 How much would you have needed? 107.6 1996 1997 1974 49.3 1975 1976 1977 156.9 160.5 163.0 53.8 109.6 56.9 113.6 1998 (Round to the nearest dollar.) 60.6 118.3 1999 166.6 1978 1979 1980 1981 1982 1983 172.2 177.1 2000 2001 2002 2003 2004 2005 65.2 124.0 72.6 130.7 82.4 90.9 96.5 99.6 136.2 140.3 144.5 148.2 179.9 184.0 188.9 195.3 On-Screen Keyboard Esc %23 1 2. * 3 4 8 Hom Tab q u i Del End e y
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