An engineer's salary was $40,000 in 2004. The same engineer's salary in 2011 is $75,000. If the company's salary policy dictates that a yearly raise in salaries reflect the cost of Jiving increase due to inflation, what is the average inflation rate for the period 2004-2012?

Question 7 The price of a product was $0.88 in the year 2008 and $1.28 in the year 2018. What is the average annual inflation rate for this product? 3.82 % 3.68% 3.42 % 3.98 % Question 8 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? (Hint: Calculate monthly inflation rate and then use annual effective interest rate) O 1.65 % ☐ 1.75% O 1.95 % O 1.85 %

If the Consumer Price Index was 107 in one year and 104 in the following year, then the rate of inflation was approximately

Calculate the inflation rate from 2016 to 2017 if the index number in 2016 was 125 and increased to 128 in 2017.

Karen loaned Jerre $25,000 at 12% interest compounded annually. Jerre will repay the loan in 6 equal end-of-year payments. The estimated inflation rate during this period is 3%. After taking the estimated inflation rate into account, what approximate rate of return is Karen really receiving on the loan? Group of answer choices 5.46% 7.65% 8.74% 9.00%

The Canadian Consumer Price Index (based on a value of 100 in 1971) rose from 97.2 in 1970 to 210.6 in 1980. What was the (equivalent) annual rate of inflation in the decade of the 1970s?

A basket of goods and services purchased by an average urban consumer had a cost of $340 in the year 2015, $350 in the year 2016, and $360 in the year 2017. You may assume the base year is 2015. The inflation rate between 2015 and 2016 was the inflation rate between 2016 and 2017. the same as O lower than O it is impossible to say from the information given higher than Next Previous

As part of modernizing the Kennesaw State University campus, the cost of constructing new digital signs all over campus five years ago was $600,000. A KSU civil engineer designing signs that are almost exactly the same estimates the cost today will be $700,000. If the cost had increased only by the inflation rate over the five years, what was the actual inflation rate per year? (Choose the closest answer) 5.61% 3.13% 6.96% 4.86%

"An annuity provides for 15 consecutive end-of-year payments of $73,000 in actual dollars. The general inflation rate is 5% annually, and the inflation-free interest rate is 5% annually. What is the present value of the annuity after considering the effects of inflation?"

If the consumer price index and inflation are currently 214.9 and 8.4%/year.respectively, what was the level of the consumer price index a year ago?