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Diano4ka-milaya [45]
3 years ago
5

How long would it take for the price level to double if inflation persisted at the following percentages?

Business
1 answer:
Alekssandra [29.7K]3 years ago
3 0

Answer:

inflation rate = 17.5 percent per year  ⇒ it will take 4 years to double

inflation rate =  35 percent per year  ⇒ it will take 2 years to double

inflation rate =  3.5 percent per year ⇒ it will take 20 years to double

Explanation:

we can use the rule of 70 to determine the amount of time it would take the general price level to double.

the rule of 70 is a simple way we can use to estimate the number of years it will take an investment to double given a certain growth rate.

70 / 17.5 =  4 years

70 / 35 =  2 years

70 /  3.5 = 20 years  

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2 years ago
A different ethanol processing facility costs $800,000 to construct but will instead last forever.Every year (starting the year
iragen [17]

Answer:

r = 5%

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2 years ago
Define cultural intelligence<br>How important is it terms of doing business globulty
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This year, Randy paid $29,650 of interest on his residence. (Randy borrowed $472,000 to buy his residence, and it is currently w
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Answer:

a. $31,850

b. $29,650

Explanation:

Requirement A:

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Interest on car loan (non deductible)                               =  $0

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