4 Dashboard - Antelope Valley > Homework (Ch 13) o Homework (Ch 13) Back to Assignment Attempts Keep the Highest / 3 m @ > 6. Interest, inflation, and purchasing power Suppose Rina is a cinephile and buys only movie tickets. Rina deposits $2,000 in a bank account that pays an annual nominal interest rate of 15%. Assume this interest rate is fixedthat is, it won't change over time. At the time of her deposit, a movie ticket is priced at $20.00. is[ | movie tickets. (U Initially, the purchasing power of Rina's $2,000 deposil For each of the annual inflation rates given in the following table, first determine the new price of a movie ticket, assuming it rises at the rate of lation. Then enter the corresponding purchasing power of Rina's deposit after one year in the first row of the table for each inflation rate. Finally, enter the value for the real interest rate at each of the given inflation rates. Hint: Round your answers in the first row down to the nearest movie ticket. For example, if you find that the deposit will cover 20.7 movie tickets, you would round the purchasing power down to 20 movie tickets under the assumption that Rina will not buy seven-tenths of a movie ticket. Annual Inflation Rate 0% 15% 18% rises Number of Tickets Rina Can Purchase after One Year Real Interest Rate When the rate of inflation is less than the interest rate on Rina's deposit, the purchasing power of her deposit _overthe course Continue without saving of the year. 4 Dashboard - Antelope Valley > Homework (Ch 13) o Homework (Ch 13) Back to Assignment Attempts Keep the Highest / 3 m @ > 6. Interest, inflation, and purchasing power Suppose Rina is a cinephile and buys only movie tickets. Rina deposits $2,000 in a bank account that pays an annual nominal interest rate of 15%. Assume this interest rate is fixedthat is, it won't change over time. At the time of her deposit, a movie ticket is priced at $20.00. is[ | movie tickets. (U Initially, the purchasing power of Rina's $2,000 deposil For each of the annual inflation rates given in the following table, first determine the new price of a movie ticket, assuming it rises at the rate of lation. Then enter the corresponding purchasing power of Rina's deposit after one year in the first row of the table for each inflation rate. Finally, enter the value for the real interest rate at each of the given inflaty Hint: Round your answers in the first row down to the nearest m . For example, if you find that the deposit will cover 20.7 movie tickets, you would round the purchasing power down to 20 movie tickets u assumption that Rina will not buy seven-tenths of a movie ticket. nual Inflation Rate 15% 18% Number of Tickets Rina Can Purchase after One Year ~ Real Interest Rate \\:| \\:I \\:I When the rate of inflation is less than the interest rate on Rina's deposit, the purchasing power of her deposit _overthe course Continue without saving of the year. 4 Dashboard - Antelope Valley > Homework (Ch 13) o Homework (Ch 13) Back to Assignment Attempts Keep the Highest / 3 m @ > 6. Interest, inflation, and purchasing power Suppose Rina is a cinephile and buys only movie tickets. Rina deposits $2,000 in a bank account that pays an annual nominal interest rate of 15%. Assume this interest rate is fixedthat is, it won't change over time. At the time of her deposit, a movie ticket is priced at $20.00. is[ | movie tickets. (U Initially, the purchasing power of Rina's $2,000 deposil For each of the annual inflation rates given in the following table, first determine the new price of a movie ticket, assuming it rises at the rate of lation. Then enter the corresponding purchasing power of Rina's deposit after one year in the first row of the table for each inflation rate. Finally, enter the value for the real interest rate at each of the given inflation rates. Hint: Round your answers in the first row down to the nearest movie ticket. For L, if you find that the deposit will cover 20.7 movie tickets, you would round the purchasing power down to 20 movie tickets under the assu at Rina will not buy seven-tenths of a mouie ticket. Number of Tickets Rina Can Purchase after One Year Real Interest Rate When the rate of inflation is less than the interest rate on Rina's deposit, the purchasing power of her deposit _overthe course Continue without saving of the year. 4 Dashboard - Antelope Valley > Homework (Ch 13) o Homework (Ch 13) Back to Assignment Attempts Keep the Highest / 3 m @ > 6. Interest, inflation, and purchasing power Suppose Rina is a cinephile and buys only movie tickets. Rina deposits $2,000 in a bank account that pays an annual nominal interest rate of 15%. Assume this interest rate is fixedthat is, it won't change over time. At the time of her deposit, a movie ticket is priced at $20.00. is[ | movie tickets. (U Initially, the purchasing power of Rina's $2,000 deposil For each of the annual inflation rates given in the following table, first determine the new price of a movie ticket, assuming it rises at the rate of lation. Then enter the corresponding purchasing power of Rina's deposit after one year in the first row of the table for each inflation rate. Finally, enter the value for the real interest rate at each of the given inflation rates. Hint: Round your answers in the first row down to the nearest movie ticket. For example, if yo t the deposit will cover 20.7 movie tickets, you would round the purchasing power down to 20 movie tickets under the assumption that Rin t buy seven-tenths of a movie ticket. Annual Inflation Rate| 0% 15% Number of Tickets Rina Can Purchase after One Year ~ Real Interest Rate \\:| \\:I \\:I When the rate of inflation is less than the interest rate on Rina's deposit, the purchasing power of her deposit _overthe course Continue without saving of the year