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Use the CPI Table below. Average Annual Consumer Price Index (CPI) (1982-1984-100) Year CPI Year Year CPI 1976 56.9 1989 124.0 2001 177.1 1977 60.6

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Use the CPI Table below. Average Annual Consumer Price Index (CPI) (1982-1984-100) Year CPI Year Year CPI 1976 56.9 1989 124.0 2001 177.1 1977 60.6 1990 130.7 2002 179.9 1978 65.2 1991 136.2 2003 184.0 1979 72.6 1992 140.3 2004 188.9 1980 82.4 1993 144.5 2005 195.3 1981 90.9 1994 148.2 2006 201.6 1982 96.5 1995 152.4 2007 207.3 1983 99.6 1996 156.9 2008 215.3 1984 103.9 1997 160.5 2009 214.5 1985 107.6 1998 163.0 2010 218.1 1986 109.6 1999 166.6 2011 224.9 1987 113.6 2000 172.2 2012 229.6 1988 118.3 The average price of a low-fare airline ticket rose from $175 in 1981 to $387 in 2005. Calculate the relative change in price from 1981 to 2005, and compare it to the overall rate of inflation as measured by the Consumer Price Index (Round to the nearest integer as needed.) Low-fare airline ticket price increased by The overall rate of inflation was type your the overall rate of inflation c. The change in low are airline ticket price was choose your 12 1 point Use the accompanying table to answer the questions regarding money ratios. Capital: Savings: Mortgage: Education: Income Income Income Earnings 25 0.1 12% 2.0 0.75 30 0.6 12% 2.0 0.45 35 1.4 12% 1.9 0.00 40 2.4 12% 1.8 45 3.7 15% 1.7 50 5.2 15% 1.5 55 7.1 15% 1.2. 60 9.4 15% 0.7 X 65 120 15% 0.0 X Stocks: Bonds 50:50 50:50 50:50 50:50 50:50 50:50 50:50 40.60 40 60 a. What is the capital a 30-year old should have with an income of $54.000?$ type your answer b. How much should a 45-year-old be saving for retirement with an income of $68.500?$ type your answer c How much in mortgage debt should a 50-yearold have with an income of $62.000?$ type your

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