Today, the price of a gallon of milk is $4.25. Assuming the inflation rate is 4.5% per year, what will be the price of a gallon of milk 10 years from now?
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- If the inflation rate is 6% per year, how many (future) dollars will be required 10 years from now to buy the same things that $15,000 buys now? Solve manually pleaseWhat is the value today of a money machine that will pay $1,507.00 per year for 10.00 years? Assume the first payment is made today and that there are 10.0 total payments. The interest rate is 7.00%.At a time when the inflation rate is 8% per year, $100,000 (future dollars) 15 years from now is equivalent to how many of today’s constant-value dollars? Solve manually please
- Suppose the inflation rate is predicted to be 2.4% this year. If it cost a family $6800 for groceries last year, what will it likely cost them this year?What is the value today of $3,200 per year, at a discount rate of 10 percent, if the first payment is received 6 years from today and the last payment is received 20 years from today?If the inflation rate is 5.8% compounded annually, how long will it take for prices to double? years Round your answer to the nearest tenth of a year
- An annuity pays $1000 per year for 12 years. Inflation is 6 percent per year. The annuitycosts $7500 now. so clearly answer the following in details with final results in numbers(a) What is the current dollar internal rate of return? (b) What is the real internal rate of return?An investment product promises to pay $500 at the end of the fifth year (year 5), and the payment will grow at a constant rate 5% every year forever. Assume that the discount rate is 20%, how much are the future payments worth today (att 0)?Suppose you know that based on the current economic settings, you can purchase 11% more goods next year if you leave your money in the bank. If the expected inflation rate next year is 4%, what is the exact interest rate your bank is quoting you?
- An investor lends $10,000 today, to be repaid in a lump sum at the end of10 years with interest at 10% (= im) compounded annually.What is the real rate of return, assuming that the general price inflation rate is 8% annually?Suppose you are going to invest $11,000 per year for six years. The appropriate interest rate is 9 percent. What is the future value if the payments are made on the last day of the year? What if the payments are made on the first day of the year? a) $82,756.68; $90,204.78 b) $90,204.78; $82,756.68 c) $49,345.10; $53,786.16 d) $53,786.16; $49,345.10You deposited $10,000 today into a saving account for 5 years with a market rate of 8% per year. The expected inflation rate for the next 5 years is 2% per year. The purchasing power of the amount of money accumulated in this account 5 years from now is equivalent to the purchasing power of how much money today? O 14,028 O 13,308 O 12,484 O 10,980