The average of a certain car was $18,000 ten years ago. This year the average cost is
Question:
Calculate the average monthly inflation rate (fm) for this model.
Given the monthly rate, fm, what is the effective annual rate, f, of inflation for this model?
Estimate what these will sell for 10 years from now, expressed in today's dollars?
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Effective annual rate calculated with the use pf nominal annual inflation rate Relev...View the full answer
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My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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