Using the table below, find the real value of a payment of $2.200 to be received each year given the following CPI values. Next find the amount that this $2,200 should be adjusted to in order to keep its real value at $2,200. Instructions: Round your answers to two decimal places. Real value of Cost-of-living $2,200 2,200 Year CPI adjusted payment 2,200 2015 100 2016 103 2135.92 O 66 O 2017 105 2095.24 O 110 2000 220 0 2018 110
Using the table below, find the real value of a payment of $2.200 to be received each year given the following CPI values. Next find the amount that this $2,200 should be adjusted to in order to keep its real value at $2,200. Instructions: Round your answers to two decimal places. Real value of Cost-of-living $2,200 2,200 Year CPI adjusted payment 2,200 2015 100 2016 103 2135.92 O 66 O 2017 105 2095.24 O 110 2000 220 0 2018 110
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Using the table below, find the real value of a payment of $2.200 to be received each year given the following CPI values:
Next find the amount that this $2,200 should be adjusted to in order to keep its real value at $2,200.
Instructions: Round your answers to two decimal places.
Real value of Cost-of-living
adjusted payment
2,200
66 O
Year
CPI
$2,200
2015
100
2,200
2016
103
2135.92 O
2017
105
2095.24 O
110
110
2000
220
2018
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