A small country is experiencing hyperinflation of 56% per month. A) By what percent have prices climbed after 5 months? B) If an item currently costs $14, how much will it cost after 1 year of such inflation?

K You expect to have $12,000 in one year. A bank is offering loans at 5.5% interest per year. How much can you borrow today? Today you can borrow $ (Round to the nearest cent.) C

This morning, you borrowed $14,700 at an APR of 8.9 percent. If you repay the loan in one lump sum three years from today, how much will you have to repay? $15,514.47 $18,984.58 O $19,022.33 $15,324.60 O None of these answers are correct

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.

Inflation has been increasing over the last 16 months. What is the FED doing to temper inflation? A)Pass an act that will invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030. The bill will invest approximately $300 billion in Deficit Reduction and $369 billion in Energy Security and Climate Change programs over the next ten years. The bill will also allow Medicare to negotiate for prescription drug prices. B) Increasing prices on goods and services to create a counter response to inflation. C)Increase the funds rate D) Manipulating the stock market to temper returns and expectations.

In December 2020, a pound of lemons cost $1.52, while a pound of bananas cost $1.16. Two years earlier, the price of lemons was $1.31 a pound and that of bananas was $1.02. What was the annual compound rate of growth in the price of lemons? What was the annual compound rate of growth in the price of bananas? If the same rates of growth persist in the future, what will be the price of lemons in 2030? What about the price of bananas?   An engineer in 1950 was earning $6,400 a year. In 2020, she earned $84,000 a year. However, on average, prices in 2020 were higher than in 1950. What was her real income in 2020 in terms of constant 1950 dollars?

Inflation causes things to cost more, and for our money to buy less (hence your grandparents saying "In my day, you could buy a cup of coffee for a nickel"). Suppose inflation decreases the value of money by 5% each year. In other words, if you have $1 this year, next year it will only buy you $0.95 worth of stuff. How much will $100 buy you in 15 years?