Questions from Business Mathematics

Q: The Consumer Price Index (based on a value of 100 in

The Consumer Price Index (based on a value of 100 in 1992) rose from 93.3 in 1990 to 113.5 in 2000. What was the (equivalent) annual rate of inflation in the decade of the 1990s?

Q: The Consumer Price Index (based on a value of 100 in

The Consumer Price Index (based on a value of 100 in 2002) rose from 93.5 in 2000 to 115.1 in 2010. What was the (equivalent) annual rate of inflation in the first decade of the 2000s?

Q: According to Statistics Canada, business students in an undergraduate program paid

According to Statistics Canada, business students in an undergraduate program paid an average of $6838 in tuition fees for the 2018/2019 academic year compared to fees of $1464 for the 1990/1991 year....

Q: Using the data given in Problems 21 and 22, calculate the

Using the data given in Problems 21 and 22, calculate the annual rate of inflation for the 1970–1990 period. (Note: Simply averaging the two answers to Problems 21 and 22 will give only an approximati...

Q: A five-year promissory note for $5700 plus interest at

A five-year promissory note for $5700 plus interest at 6.75% compounded semiannually was sold 18 months before maturity for $6620. What monthly compounded nominal rate of return will the buyer realize...

Q: Alihan’s transcript shows the following academic record for four semesters of part

Alihan’s transcript shows the following academic record for four semesters of part-time college studies. Calculate his cumulative GPA at the end of his fourth semester.

Q: A four-year promissory note for $3800 plus interest at

A four-year promissory note for $3800 plus interest at 9.5% compounded semiannually was sold 18 months before maturity for $4481. What quarterly compounded nominal rate of return will the buyer realiz...

Q: A $6000, three-year promissory note bearing interest at

A $6000, three-year promissory note bearing interest at 11% compounded semiannually was purchased 15 months into its term for $6854.12. What monthly compounded discount rate was used in pricing the no...

Q: An initial $1800 investment was worth $2299.16 after

An initial $1800 investment was worth $2299.16 after two years and nine months. What quarterly compounded nominal rate of return did the investment earn?

Q: An investor’s portfolio increased in value by 93% over a seven

An investor’s portfolio increased in value by 93% over a seven-year period in which the Consumer Price Index rose from 95.6 to 115.3. What was the compound annual real rate of return on the portfolio...