You're trying to save to buy a new car valued at $42,650. You have $40,000 today that can be invested at your bank. The bank pays 4.2 percent annual interest on its accounts. How long will it be before you have enough to buy the car for cash

The appropriate response is "1.56 years". A further explanation is given below.

Explanation:

The given values are:

FV,

= $42,650

PV,

= $40,000

Rate of interest,

r = 4.2

i.e.,

= 0.042

As we know,

⇒

On substituting the given values, we get

⇒

⇒

⇒

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hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi