Solution Library

Present Value, Future Value of Money and Inflation.

Question

The following table shows national income per capital in 2013 in a sample of OECD countries and recent rates of inflation:

 

                                      Income per capital (US$)

     Annual inflation (%/year)

Australia

65,520

2.7

France

42,250

0.69

Germany

46,100

1.43

Greece

22,530

-1.71

Japan

46,140

1.61

Switzerland

86,600

0.07

Turkey

10,950

7.4

UK

39,140

1.2

USA

53,670

1.5

       

 

If recent inflation rates persist in the future, what nominal income will be needed in each country in 2020 just to keep pace with inflation?

 

Summary

The question belongs to Finance and it discusses about present value, future value of money and inflation concepts.

 

Total Word Count 52

 

 

 

Download Full Solution

Comments

  • HWA
    Rasha

    this is a very good website

  • HWA
    maani

    I have 50 questions for the same test your page is showing only 28

  • HWA
    joeanne

    hi can you please help or guide me to answer my assignments. thanks

  • HWA
    joeanne

    hi can anyone help or guide me to my assignments. thanks

  • HWA
    Monik


  • HWA
    Cristina

    This solution is perfect ...thanks

  • HWA
    Janete

    Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes

  • HWA
    Sandeep

    Perfect bank of solution. 

  • HWA
    Oxana

    great !

  • HWA
    Paul Brandon-Fritzius

    thanks for the quick response. the solution looks good. :)

  • HWA
    tina Johnson

    thnx for the answer. it was perfect. just the way i wanted it. 

  • HWA
    Giuseppe

    works fine.