When the inflation rate is 4% per year, how many inflated dollars will be required 20 years from now to buy the same things that $10,000 buys now?
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When the inflation rate is 4% per year, how many inflated dollars will be required 20 years from now to buy the same things that $10,000 buys now?
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- An electronic device cost $1250 in 2011. If inflation has averaged 2% each year, what is the price of the device in 2018?What was the approximate value of the inflation rate in Q4 of 2021?Inflation has been a reality for the general economy of the U.S. in many years. Given this assumption, calculate the number of years it will take for the purchasing power of today’s dollars to equal onethird of their present value. Assume that inflation will average 2.5% per year.
- Jennifer will retire in 16 years from now. On that occasion, her company will give her a one-time payment of $30,000. If the inflation rate is 2.5% per year, how much that payment will mean in today's dollars?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 $32,500 buys now? The (future) dollars required to buy the same things that $32,500 buys now is $ .You just graduated from college and landed your first "real" job, which pays $42,000 a year. In 19 years how much will you need to earn per year to maintain the same purchasing power if inflation is 1.50% per year? Your Answer:
- The inflation rate over a 10-year period for an item that now costs $1000 is shown in the following table. (a) What will be the cost at the end of year10? (b) Do you get the same cost using an average inflation rate of 5% per year through the 10-year period? Why?The cost of 1,000 cubic feet of natural gas has increased from $6 in 2000 to $15 in 2006. What compounded annual increase in cost is this? How does the increase in the cost of natural gas compare to a 3% annual rate of inflation during the same period of time?In 1923, a certain country underwent one of the worst periods in history of hyperinflation, which is extraordinarily large inflation in prices. At the peak of the hyperinflation, prices rose 34,000% per month. At this rate, by what percentage would prices have risen in 1 year? In 1 day? (Assume 30 days per month.) The annual inflation rate is ×10%. (Type whole numbers.) The daily inflation rate is nothing%. (Round to the nearest whole number as needed.)
- If the Consumer Price Index was 208.5 on January 1, 2010, and 10 years after it was 516.71. What was the inflation rate, compounded annually, over that 10-year period? If that rate continues to hold for the next 10 years, what Consumer Price Index can be expected on January 1, 2030?Assume your salary is $55,000 in 2015 and $160,000 in 2045. If inflation has averaged 2% per year, what is the real or differential inflation rate of salary increases?If the CPI for January 2008 is 208.837 and the CPI for December 2018 is 255.539, what is the average annual inflation rate (per year) from Jan 2008 to Dec 2018?