At a rate of inflation of 2.3% per quarter, approximately how many months will it take for goods to become 50% more expensive that they are today? Round your final answer to one decimal. 17.8 months 53.1 months 45.3 months 15.2 months None of these options
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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 pleaseIf 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 yearIf the rate of inflation is 2.8% per year, the future price p (t (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today. p(t) = 600(1.028) Find the current price of the item and the price 9 years from today. Round your answers to the nearest dollar as necessary. Current price: Price 9 years from today: S|
- If the rate of inflation is 3.9% per year, the future price pt (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today. =p (t)= 600(1.039)t Find the current price of the item and the price 10 years from today.Round your answers to the nearest dollar as necessary.What is the present value of an investment that pays you $21.96 per month for 11 months if the first payment is today and the discount rate is 6.1% per month? (Round to the nearest cent)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
- Define the stated (quoted) or nominal rate INOM as well as the periodic rate IPER. Will the future value be larger or smaller if we compound an initial amount more often than annually—for example, every 6 months, or semiannually—holding the stated interest rate constant? Why? What is the future value of $100 after 5 years under 12% annual compounding? Semiannual compounding? Quarterly compounding? Monthly compounding? Daily compounding? What is the effective annual rate (EAR or EFF%)? What is the EFF% for a nominal rate of 12%, compounded semiannually? Compounded quarterly? Compounded monthly? Compounded daily?How many years will it take for something costing $61 today to cost $91 if inflation averages 1% per year? Answer in years, rounded to a whole number.With an annual inflation rate of 1.45%, how much did an item that costs $8000 now cost 3 years prior? Round your answer to the nearest cent.
- You note the following yield curve in The Wall Street Journal. According to the unbiased expectations theory, what is the 1-year forward ate for the period beginning one year from today, 2f1? (Round your answer to 2 decimal places.) Maturity One day One year Two years Three years Forward rate Yield 2.60% 6.10 7.10 9.60 %You note the following yield curve in The Wall Street Journal. According to the unbiased expectations theory, what is the 1-year forward rate for the period beginning one year from today, 2f1? (Round your answer to 2 decimal places.) Maturity One day One year Two years Three years Forward rate Yield 2.75% 6.25 7.25 9.75 %If the inflation rate is 5.55% compounded annually, how long will it take for prices to double?