Year cpi2000 51582001 53042002 53882003 55112004 56582005, Ask an Expert

Finance

Year CPI

2000 515.8

2001 530.4

2002 538.8

2003 551.1

2004 565.8

2005 585.0

2008 645.0

2009 642.7

2010 653.2

2016 719.0

1. The average price of a cup of coffee went from $2.15 in 2005 to $2.50 in 2010. Compute the real rate of change in the price of coffee.

2. The starting salary for finance grads increased from $40,000 in 2000 to $60,000 in 2016. What was the annualized real rate of change in the starting salary?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92342032

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