Tuition at xyz this year cost $61,170. If the inflation rate is 2% for the foreseeable future anfd if the cost of attending XYZ rises at the rate of inflation, what will it cost in 20 years to attend XYZ for 1 year? For 4 years (2038-2042)?
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Tuition at xyz this year cost $61,170. If the inflation rate is 2% for the foreseeable future anfd if the cost of attending XYZ rises at the rate of inflation, what will it cost in 20 years to attend XYZ for 1 year? For 4 years (2038-2042)?
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- Tuition at XYZ this year cost $61,170. If the inflation rate is 2% for the foreseeable future and if the cost of attending XYZ rises at the rate of inflation, what will it cost in 20 years to attend XYZ for 1 year? For 4 years (2038-2042)?Inflation The consumer price index (CPI) of a certain country is given by I(t) = -0.02t³ + 0.4+² + 126 (0 ≤ t ≤ 4) of 2013. Find the annual percentage rate of inflation in the CPI of the country at the beginning of 2015. (Round your answer to three decimal places.) where t = 0 corresponds to the beginning %/yearAn electronic device cost $1250 in 2011. If inflation has averaged 2% each year, what is the price of the device in 2018?
- You just graduated from college and landed your first "real" job, which pays $42,000 a year. In 19 years how much will you need to earn per year to maintain the same purchasing power if inflation is 1.50% per year? Your Answer:A professional athlete signs a two-year contract in which the earnings c can be modeled by 2,400,000+ 500,000t, where t represents the year (a) Find the actual value of the athlete's contract in dollars. (b) Assuming an annual inflation rate of 3%, what is the present value of the contract in dollars? (Round your answer to the nearest cent.) $ Need Help?An economist has predicted that for the next 5 years, the U.S. will have a 2.5% annual inflation rate, followed by 5 years at a 3.5% inflation rate. This is equivalent to what average price change per year for the entire 10-year period?
- If the annual inflation rate in an economy is i, then $1 borrowed at the beginning of a year will have the same purchasing power as ________ dollars at the end of the year. i (1/i) (1 − i) (1 + i)Today a typical family of four spends $600/month for food. If inflation occurs at the rate of 5%/year over the next 6 yr, how much should the typical family of four expect to spend for food 6 yr from now?: If inflation is 2.7% each year from 2021 to 2031, what is the purchasing power in 2021 dollars of $100,000 in 2031?
- If the CPI in period 1 is 180 and the CPI in period 2 is 240, then the rate of inflation between period 1 and period 2 is 66.7% 50% 33.3% 25%Can u help me the salaries of the employee (40,000 monthly) in the year 2024, 2025 and 2026, knowing its inflation rate in the PhilippinesThe following table shows the annual inflation rates in several Latin American countries in October 2015 (unless otherwise noted). Assume that the rates shown continue indefinitely. Country Argentina Brazil Bolivia Nicaragua Venezuela Mexico Uruguay Currency Peso Real Boliviano Gold cordoba Bolivar Peso Peso Inflation Rate(%) 14.3 9.9 4.3 3.0 68.5 2.5 9.2 If an item in Brazil now costs 300 reals, what do you expect it to cost 7 years from now? (Round your answer to the nearest real.) reals