MindTap - Cengage Learning X + - X e.com/staticb/ui/evo/index.html?deploymentld=58326419630085066940052726898LeISBN=9781337915601&id=1298436693&snapshotld=2... * CENGAGE | MINDTAP Search this course ? Aplia Homework: Unemployment and Inflation X Initially, Dina earns a salary of $800 per year and Charles earns a salary of $300 per year. Dina lends Charles $150 for one year at an annual interest rate of 20% with the expectation that the rate of inflation will be 2% during the one-year life of the loan. At the end of the year, Charles makes good on the loan by paying Dina $180. Consider how the loan repayment affects Dina and Charles under the following scenarios. Scenario 1: Suppose all prices and salaries rise by 2% (as expected) over the course of the year. In the following table, find Dina's and Charles's new A-Z salaries after the 2% increase, and then calculate the $180 payment as a percentage of their new salaries. (Hint: Remember that Dina's salary is her income from work and that it does not include the loan payment from Charles.) Value of Dina's new salary The $180 payment as a Value of Charles's new The $180 payment as a percentage after one year percentage of Dina's new salary salary after one year of Charles's new salary Scenario 2: Consider an unanticipated increase in the rate of inflation. The rise in prices and salaries turns out to be 10% over the course of the year rather than 2%. In the following table, find Dina's and Charles's new salaries after the 10% increase, and then calculate the $180 payment as a percentage of their new salaries. Value of Dina's new The $180 payment as a Value of Charles's new The $180 payment as a percentage salary after one year percentage of Dina's new salary salary after one year of Charles's new salary 7:37 PM P w MindTap - Ceng.. O T 2 Calendar | Micr... Desktop Dropbox 71OF ~ 9()9/19/2021 Home End Insert Delete Backspace 5 P E R T Y U O S D F G H J K C V B N M