20 years as two decades.  Explain why the inflation rate from 1990 to 2010 is not just the sum of the rate from 1990 to 2000 and the rate from 2000 to 2010.

Q: Today, a typical family of four spends $897.20/month for food.† If inflation occurs at the rate of…

A: Today, a typical family of four spends $897.20/month on food. If inflation occurs at the rate of…

Q: At age25 ​, someone sets up an IRA​ (individual retirement​ account) with an APR of 5​%. At the end…

A: Given that, APR = 5% = 0.05 Monthly investment (PMT) = $ 45 Time period (t) = 65 - 25 = 40 years We…

Q: An account with an initial balance of 1500 earns 7% interest for 1.5 years. What is the ending…

A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

Q: How much will the IRA contain when he retires at age​ 65? Compare that amount to the total deposits…

A: At age 18​, someone sets up an IRA​ (individual retirement​ account) with an APR of 7​%.At the end…

Q: If a 3D printer increased in cost at exactly the inflation rate, what was the inflation rate if the…

A: Assume that inflation rate is r%. Since, price of printer has become twice in three years:…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $385 per month…

A:

Q: You have $5000 on a credit card that charges 18% interest rate. If you want to pay off the credit…

A: It is given that, PVA=$5000, i=0.18, n=4, a=12

Q: Kunio puts $3,300.00 into savings bonds that pay a simple interest rate of 2.5%. How much money will…

A: Simple interest algebra

Q: Suppose that you borrow $3000.00 from a friend and promise to pay back $6225.00 in 5 years. What…

A: Using formula A=P+T

Q: If the inflation rate averages 3%, how much will $1000 purchase in 2 years?

A:

Q: In 1 year, you will be paid $1.Will the PV increase or decrease if the interest rate goes up?

A:

Q: What is the simple interest rate on a $1950 investment paying $513.83 interest in 8.5 years

A:

Q: If P25,000 is deposited in an account that earns interest compounded monthly becomes P32,000 after 2…

A: Given Information - Amount deposited in the account = P25,000 Amount after 2 years = P32,000 We have…

Q: When the mortgage is completely paid off for mark and Lynne’s house, it will be 5 times as it is…

A: Given: The house will be 5 times as it is now when the mortgage of the house is completely paid. The…

Q: You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A: We will find out the required value.

Q: You have $3,500 on a credit card that charges a 19% interest rate. If you want to pay off the credit…

A: We have to calculate monthly amount.

Q: At what simple interest rate per annum will Php25,000 accumulate to Php33,000 in 5 years? Round off…

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Q: If you purchase a $600 item and pay for it with monthly installments for 2 years, the monthly…

A:

Q: You have $3,500 on a credit card that charges a 16% interest rate. If you want to pay off the credit…

A: GivenCurrent balance(PV)=$3500Interest rate=16%Period(n)=3 years=36 MonthsNow use the…

Q: a loan is to be repaid for 9 years that will start at the end of 5 years. if the interest rate is 5%…

A:

Q: If you had the choice of 5% simple interest or 5% compound interest for a savings account, which one…

A:

Q: What is the interest rate compounded quarterly if P 2,500,000.00 is invested and the amount became…

A: Formula: The compound interest formula is given below: A=P1+rnnt, where A-final amount, P-Principle…

Q: At what rate of simple interest an amount will double itself on 10 years?

A:

Q: At age 19, someone sets up an IRA (individual retirement account) with an APR of 4%. At the end of…

A:

Q: A bank deposit paying simple interest grew from an initial amount of $1400 to $1505 in 3 months.…

A:

Q: month

A:

Q: What simple interest rate will convert a $200 investment into $220 in one year?

A: we know the formula: simple interest (SI)=P×r×t100 where P is the principle(investment) amount, r is…

Q: alculate the approximate value of a $260 000 house after five years if it has an appreciation rate…

A: Given that initial value of the house is $260000  and appreciation percentage is 6% per year. Find…

Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: If the current CPI is 234.2 and the average annual inflation rate is 2.8%, what will be the CPI in 5…

A: The term CPI is the Current Price Index, which represents the relative change in the price of a…

Q: If the amount that $1000 will purchase is only $930 after 2 years, what was the average inflation…

A: The amount A that $P will purchase after n years if the inflation averages a rate of r over n years…

Q: Suppose that inflation is 4% per year. How long will it take for prices to double?

A:

Q: if $120 double in approximately 11 years, what is the interest rate

A:

Q: If the amount that $1000 will purchase is only $950 after 2 years, what was the average inflation…

A: The inflation rate is the rate of change, or increase or decrease in the price of a commodity over a…

Q: if the inflation rate were 4%, how long will it take for $1 item to cost $2

A: Using this trick C2=c1(1.04)^x

Q: Jimmy deposits $4000 at a bank with an interest rate of 4.5% per year and he has no plans of…

A: From the given information, the principal investment is P=$4000, interest rate r=0.045, and n=1 and…

Q: At age 22​, someone sets up an IRA​ (individual retirement​ account) with an APR of 8​%. At the end…

A: Formula used:Future value of an ordinary Annuity:

Q: For the last 12 years, Colin has contributed $110 each month into a retirement savings account. If…

A: Given that n = 12 years d (amount added every month)= $110

Q: What rate will it effect, if the principal of P12,555 earns interest of P5,500 in 2 years and 8…

A: topic - interest calculation

Q: If the inflation rate is 4.85% compounded annually, how long will it take for prices to double?

A:

Q: If the simple interest on $1,000 for 10 years is $600, then what is the interest rate? The rate is…

A:

Q: A bank lends $9000 at 7% simple interest. At the end of 1 year, how much interest is owed on the…

A: Given that, P = $9000 r = 7% n = 1 year By formula, Simple Interest = Pnr100

Q: A man is required to pay P57,500 at the end of 15 days and for P60,000 at the end of 60 days.…

A:

Q: Your local bank has a saving account that pays interest of 8% semiannually. You place 2600 in the…

A: We will find out the required value.

Q: After 5.63years, the principal amount tripled. If the interest rate is 5%. What is the method of…

A: Use the formula for the compound interest and then find the method.

Q: Your favorite snack costs $3.79 per package and a package lasts for one week. If the rate of…

A:

Q: At the end of 9 months, the balance of an account earning annual simple interest is $8180. If at the…

A: Given:Account balance after 9 months = $8180Account balance after 15 months = $8300Let A(t) be the…

Q: Hannah expects to receive Php 200,000 five years from now. How much is the money worth now if the…

A: Given Future amount = A = Php 200,000 Time = t = 5 years Interest rate = r = 10% compounded monthly