subject
Business, 04.07.2019 02:30 kari41434

In 1982 the inflation rate hit 16%. suppose that the average cost of a textbook in 1982 was $25. what was the expected cost in the year 2017 if we project this rate of inflation on the cost? (assume continuous compounding. round your answer to the nearest cent.)

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 18:20
Amathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing to double in size is approximately equal to the number 70 divided by its percentage rate of growth. thus, if mexico's real gdp per person is growing at 7 percent per year, it will take about 10 years(=70/7) to double. apply the rule of 70 to solve the following problem. real gdp per person in mexico in 2005 was about $11,000 per person, while it was about $44,000 per person in the u.s. if real gdp per person in mexico grows at the rate of 5 percent per year: how long will it take mexico's real gdp per person to reach the level that the united states was at in 2005? (hint: how many times would mexico's 2005 real gdp per person have to double to reach the u.s.'s 2005 real gdp per person?
Answers: 3
question
Business, 21.06.2019 21:20
Reqwest llc agrees to sell one hundred servers to social media networks, inc. the servers, which social media networks expressly requires to have certain amounts of memory, are to be shipped “f.o.b. social media networks distribution center in tampa, fl.” when the servers arrive, social media networks rejects them and informs reqwest, claiming that the servers do not conform to social media networks’ memory requirement. a few hours later, the servers are destroyed in a fire at social media networks’ distribution center. will reqwest succeed in a suit against social media networks for the cost of the goods?
Answers: 3
question
Business, 22.06.2019 08:10
What are the period and vertical shift of the cosecant function below? period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up?
Answers: 3
question
Business, 22.06.2019 09:30
What are two benefits of consumer programs
Answers: 2
You know the right answer?
In 1982 the inflation rate hit 16%. suppose that the average cost of a textbook in 1982 was $25. wha...
Questions
question
Mathematics, 18.03.2020 03:55
question
Biology, 18.03.2020 03:55
question
History, 18.03.2020 03:56
question
Mathematics, 18.03.2020 03:56
Questions on the website: 13722367