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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Accounting what will be the price of a gallon of milk 10 years from now?
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- In 10 years from now, how many future dollars will have the same buying power as $24,000 today? The market interest rate is 10% per year and the inflation rate is 6% per year. The future amount is $If the inflation rate is expected to be 3% for the next 10 years, what annual income will be needed 10 years from now in order to have the same purchasing power as $25,000 today?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 please
- Please answer quickly and correctly Inflation is expected to average 4.4% per year for the next 24 years. How much money will be required, 24 years from now, to buy the same amount of goods and services as $1 does today (to the nearest cent)?The average cost of a certain model car was $22,000 ten years ago. This year the average cost is $35,000. (a) Calculate the average monthly inflation rate (fm) for this model. (b) Given the monthly rate fm, what is the effective annual rate, f, of inflation for this model? (c) Estimate what these will sell for 10 years from now, expressed in today’s dollars.What 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%.
- Assume that the rate of inflation is 4 percent and continues indefinitely and that the cost of a car is currently $27,000. How much will that car cost 30 years from today? Round your answer to the nearest dollar.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 pleaseSuppose 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?
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