2. According to an old myth, native Americans sold the island of Manhattan about 400 years ago for $24. If they had invested this amount at an interest rate of 10% per year and average inflation rate of 2.5%, how much would they have today in real values?
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- Compute the inflation rate for fruit prices from 2001 to 2004.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 in 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years? Draw a graph to show the data.
- A fixed-rate mortgage has the same interest rate over the life of the loan, whether the mortgage is for 15 or 30 years. By contrast, an adjustable-rate mortgage changes with market interest rates over the life of the mortgage. If inflation falls unexpectedly by 3, what would likely happen to a homeowner with an adjustable-rate mortgage?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.Suppose you lent money to a friend a few years ago at a nominal interest rate of 6%. At the time ot he loan, you expected the annual inflation rate to be 2%, but the actual annual inflation rate was 1.2%. When the loan originated, you expected to earn a real return of but due to unexpected disinflation, you earned an actual real return of A. 2%; 1.2% OB. 4.8%; 6% C. 6%; 4.8% D. 4%; 4.8%
- Roger Marquez purchases a lot for $ 40,000 cash and plans to sell it after 5 years for $ 122,461. If he wants an 18% interest on his investment after taking the x% inflation rate into account, what must be the value of x, the rate of inflation? a. 5 b. 2 c. 6 d. 4What is the inflation rate in 2019? Has it increased or decreased since 2018 and by how much? If the nominal interest rate in 2019 is 7%, what would be the change in purchasing power of $1,000 deposited in January 219 by the end of the year? Please explain if it has increase or decreased since 2018 and by how much? also what if inflation rate was higher then purchasing power?3. What annual inflation rate is implied from an inflation-adjusted interest rate of 10% per year, when the real interest rate is 4% per year? I 2- If a 3D printer increased in cost at exactly the inflation rate, what was the inflation rate if the printer costs exactly twice as much now as it did 10 years ago?
- 3. 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?4. What is the uninflated present worth of a P 200 000 future value in two years if the average inflation rate is 6 and interest rate is 10% ANEIf inflation has been running at 2.2% per year and a washing machine costs $460 today, what would it hace cost three years ago? What is the interest rate per period? i=