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- The index number representing the price level changes from 110 to 115 in one year and then from 115 to 120 the next year. Since the index number increases by five each year, is five inflation rate each year? Is the inflation rate the same each year? Explain your answer.Rosalie the Retiree knows that when she retires in 16 years, her company will give her a one-time payment of 20,000. However, if the inflation rate is 6 per year, how much buying power will that 20,000 have when measured in todays dollars? Hint: Start by calculating the rise in the price level over the 16 years.With moderate 3% inflation, if a hamburger is costed $5 today (2016), how much it will become in 2036 if the buying power is to remain the same? U.S. Inflation Rate 25% 20% 15% 10% 5% 0% -5% -10% -15% 1960 1970 1980 1990 2000 Annual Inflation Rate 1920 1930 1940 1950 2010
- The Consumer Price Index has risen from 110 to 121 during the last year. We should estimate the annual inflation rate for the last year at about Group of answer choices 11%. 9.1%. 12%. 10%A father wants to save in advance for his eight-year-old daughter's collegeexpenses. The daughter will enter the college 10 years from now. An annualamount of $20,000 in today's dollars (constant dollars) will be required to support her college expenses for four years. Assume that these college payments will be made at the beginning of each school year. (The first payment occurs at the end of 10 years.) The future general inflation rate is estimated to be 5% per year, and the interest rate on the savings account will be 8% compounded quarterly (market interest rate) during this period. If the father has decided to save only $500 (actual dollars) each quarter, how much will the daughter have to borrow to cover her freshman expenses?(a) $1,920(b)$2,114(c) $2,210(d)$2,377X₁ 4) If the effective annual interest rate is 9% per year and inflation is 3.8% per year what is the true annual interest rate? annual interest rate = effm = (1 + 0.091) nomiral= 0.7207 12 = 8.6484- anal interest rate= 13,8\8,6484 = 12.4481, nomiral tinflation = 0.007 207 ~ 0,7207 1 monthly
- An economist predicts that the annual inflation rate will be 7% for 4 years and 6% for the next 6 years. Accordingly, what is the average annual price change forecast for the ten-year period? Select one: a.1.894637 b.1.859389 c.2.003392 d.2.080069 e.2.041727 kSuppose you obtain a 30-year mortgage loan on which you have to pay a 7.0% (fixed) interest rate. Further suppose that you and your lender anticipate inflation will average 2.0% during the life of the loan. Now suppose the post-loan both inflation rate is actually 1.0% per annum. It follows that your real rate of interest is and, ceteris paribus, financially better off as a result of the difference between the anticipated and the unanticipated rate of inflation. O a. 3%, you are O b. 8%, your lender is Oc. 5%, you are O d. 6%, your lender is Next pageAn economist has predicted 2% inflation during the next 10 years. How much will an item that presently sells for $100 cost in 10 years?
- 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?Suppose that you borrow $20,000 at 12%, compounded monthly, over 5 years. Knowing that the 12% represents the market interest rate, the monthly payment in actual dollars will be $444.90. If the average monthly general inflation rate is expected to be 0.5%, what is the equivalent equal monthly payment series in constant dollars? A. $386 B. $486 C. $345 D. $445Suppose that yearly inflation for 2020, 2021 and 2022 are 20%, 25% and 20% respectively. If the consumer price index (CPI) is 220TL at the beginning of 2020, what will it be after 3 years?
