Questions from Business Mathematics

Q: In one year, the CPI increased from 106.3 to

In one year, the CPI increased from 106.3 to 108.9. How much money was required at the end of the year in order to have the same purchasing power as $1000 at the beginning?

Q: A college student wishes to compare tuition fee increases during the period

A college student wishes to compare tuition fee increases during the period 2008 to 2018 to the general increase in the cost of living. Tuition increased from $355 per course in the 2008/09 academic y...

Q: Statistics Canada calculates separate subindexes of the CPI for goods and for

Statistics Canada calculates separate subindexes of the CPI for goods and for services. The goods index rose from 96.8 to 112.0 over a 10-year period. During the same period, the services index rose f...

Q: Academic Publishing is trying to decide which of two books to publish

Academic Publishing is trying to decide which of two books to publish. The larger book will cost $125,000 to publish and print. Sales are expected to produce an annual profit of $32,000 for five years...

Q: From the end of 1990 to the end of 2018, the

From the end of 1990 to the end of 2018, the S&P/TSX Composite Index rose from 3257 to 14,939. If you had invested $50,000 in a portfolio of the shares of the companies in the index at the end of 1990...

Q: We want to compare the increase in value of the stock portfolio

We want to compare the increase in value of the stock portfolio represented by the S&P/TSX Composite Index during the 28-year period to the general increase in prices of goods and services during the...

Q: From the end of 1990 to the end of 2018, the

From the end of 1990 to the end of 2018, the Standard & Poor’s 500 (S&P 500) U.S. stock index rose from 330.2 to 2506.9. If you had invested US$50,000 at the end of 1990 in a portfolio of the shares o...

Q: The late 1970s and early 1980s were years of historically high rates

The late 1970s and early 1980s were years of historically high rates of inflation in Canada. The CPI was at 70.8, 77.1, 84.5, 94.6, 105.4, and 114.1 at the beginning of 1978, 1979, 1980, 1981, 1982, a...

Q: Calculate the missing quantities to four-figure accuracy. Value

Calculate the missing quantities to four-figure accuracy. Value on base date ($) = 3278 Base value = 1000 Current value ($) = 4961 Current index number = ?

Q: Calculate the missing quantities to four-figure accuracy. Value

Calculate the missing quantities to four-figure accuracy. Value on base date ($) = 7532 Base value = 100 Current value ($) = ? Current index number = 119.5