In October 2017 a pound of apples cost $1.49, while oranges cost $1.13. Two years earlier the price of apples was only $1.28 a pound and that of oranges was $0.99 a pound. a. What was the annual compound rate of growth in the price of apples? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) b. What was the annual compound rate of growth in the price of oranges? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) c. If the same rates of growth persist in the future, what will be the price of apples in 2030? (Do not round intermediate calculations. Round your answer to 2 decimal places.) d. If the same rates of growth persist in the future, what willI be the price of oranges in 2030? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Compound annual growth rate of apples 7.89 % а. b. Compound annual growth rate of oranges 6.84 % c. Price of apples d. Price of oranges

In October 2017 a pound of apples cost $1.49, while oranges cost $1.13. Two years earlier the price of apples was only $1.28 a pound and that of oranges was $0.99 a pound. a. What was the annual compound rate of growth in the price of apples? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) b. What was the annual compound rate of growth in the price of oranges? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) c. If the same rates of growth persist in the future, what will be the price of apples in 2030? (Do not round intermediate calculations. Round your answer to 2 decimal places.) d. If the same rates of growth persist in the future, what willI be the price of oranges in 2030? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Compound annual growth rate of apples 7.89 % а. b. Compound annual growth rate of oranges 6.84 % c. Price of apples d. Price of oranges

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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In October 2017 a pound of apples cost $1.47, while oranges cost $1.11. Four years earlier the price of apples was only $1.26 a pound and that if oranges was $0.97 a pound. What was the annual compound rate of growth in the price of apples? What was the annual compound rate of growth in the price of oranges? if the same rates of growth persist in the future, what will be the price of apples / oranges in 2030?
In October 2017 a pound of apples cost $1.61, while oranges cost $1.25. Two years earlier the price of apples was only $1.40 a pound and that of oranges was $1.11 a pound. a. What was the annual compound rate of growth in the price of apples? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) b. What was the annual compound rate of growth in the price of oranges? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) c. If the same rates of growth persist in the future, what will be the price of apples in 2030? (Do not round intermediate calculations. Round your answer to 2 decimal places.) d. If the same rates of growth persist in the future, what will be the price of oranges in 2030? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
The table below shows the annual change in the average nominal wage and inflation rate since 2008. a. Compute the percentage change in real income for each year shown in the table. Instructions: In part a, round your answers to 2 decimal places. In parts b and c, enter your answers as a whole num negative number include a minus sign. Percentage Changes in Nominal Income and Prices Annual Annual Inflation Nominal Wage Rate Growth Annual Real Wage Growth (percent) Year (percent) (percent) 2008 4.08% 0.35% 2009 -0'.37 -1.31 2010 1.71 -0.79 2011 3.4 1.48 2012 2.18 2.91 2013 1.51 2.39 b. Of the years listed above, the paycheck of the average worker declined in of the six years. c. Of the years listed above, the purchasing power of the average worker declined in of the six years. d. The average real income of households can increase (Click to select)
The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round percentage values to 1 decimal place.)
According to the Census Bureau, in October 2019, the average house price in the United States was $368,600. In October 2000, the average price was $197,700. What was the annual increase in the price of the average house sold? (Do not round intermediate calculations and enter your answer as a percent rounded answer to 2 decimal places, e.g., 32.16.) Annual increase in selling price
An engineer in 1950 was earning $6,800 a year. In 2017 she earned %88,000 a year. However, on average, prices in 2017 were higher than in 1950. What was her real income in 2017 in terms of constant 1950 dollars? Year CPI Percent Change since 1950 1950 25.0 1960 29.8 +19.2% 1970 39.8 +59.2 1980 86.3 +245.2 1990 133.8 +435.2 2000 174 +596.0 2010 219.2 +776.8 2017 248 +892.0
Assume that in January 2017, the average house price in a particular area was $294,500. In January 2001, the average price was $201,300. What was the annual increase in selling price?
Use the table to answer the question. Noting that 2010 is the base year, real GDP increased by what percentage? Use the midpoint formula for calculating percentages, and be sure to answer in percentage form, meaning if you calculate a decimal value like .05, multiply this by 100 to get "5" meaning "5 percent." Table: Peanut Butter and Jelly Economy Product 2010 Output 2010 Prices (base year) $1 per unit 2 per unit Peanut Butter Jelly 200 units 100 units Typed numeric answer will be automatically saved. Product Peanut Butter Jelly 2011 Output 250 100 2011 Prices $1.10 per unit 2.50 per unit
The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015) conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions). (Decreases should be indicated by a minus sign)
Use the CPI table below to answer the following questions: Year CPI 2007 (Base Year) 2008 2009 2010 2011 2012 2013 2014 100 4 a. If an item was worth $2,500 in 2009, how much was it worth in 2014? k 102.8 104.2 105.5 107.4 109.2 112.3 116.6 120.4 122.8 Round up to two decimal places b. If an item was $3,000 in 2010, how much was it worth in 2015? 2015 2016 7
By what percentage did Mydeco's revenues grow each year from 2016 to 2019? (Round to two decimalplaces.) By what percentage did net income grow each year? (Round to two decimalplaces.) Why might the growth rates of revenues and net income differ?
According to the Census Bureau, in October 2016, the average house price in the United States was $28,258. 6 years earlier, the average price was $20,608. What was the annual increase in the price of the average house sold?

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