Annual compound rate of growth in price of apples

Assignment Help Financial Management

Reference no: EM131901310

In April 2016 a pound of apples cost $1.59, while oranges cost $1.23. Four years earlier the price of apples was only $1.38 a pound and that of oranges was $1.09 a pound.

a. What was the annual compound rate of growth in the price of apples? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

b. What was the annual compound rate of growth in the price of oranges? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

c. If the same rates of growth persist in the future, what will be the price of apples in 2030? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

d. What about the price of oranges? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM131901310

Questions Cloud

Explore characteristics that define the victims : Analyze responsibility for the type of victimization (look beyond the individual level and consider structural cause.

Who were the key players and what was your role : For example, if organizational issue is a major change initiative, what were the desired outcomes or goals, who were the key players and what was your role?

Calculate the premium or discount of the british pound : Calculate the premium or discount of the British pound in the forward market where the spot rate is $1.982 US per one pound

Depicts an economy in an inflationary gap : Draw an AD/SRAS/LRAS graph that depicts an economy in an inflationary gap (we are not starting in initial equilibrium

Annual compound rate of growth in price of apples : What was the annual compound rate of growth in the price of apples? What about the price of oranges?

Draw an ad-sras-lras graph in initial long run equilibrium : Draw an AD/SRAS/LRAS graph in initial long run equilibrium. Label the vertical and horizontal axes appropriately.

Components of keynesian approach to the ad-as model : List and briefly discuss the key components of the Keynesian approach to the AD/AS model.

What will the new account balances be : If the firm issues a $1.50 dividend, what will the ex-dividend price be? What will the new account balances be?

Calculate betty and trents expenditures : a) Calculate Betty and Trent's expenditures and their total expenditure.

User Account

All Pages