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MAT 144 Topic 4 Major Assignment 2 - Online and TradOnline (Budget Cost Projection)
- Course
- MAT 144 (MAT144)
- Institution
- Grand Canyon University
MAT 144 Topic 4 Major Assignment 2 - Online and TradOnline (Budget Cost Projection)
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CPI value for January 2021 261.582CPI value for January 2022281.148
Inflation Rate 7.48%
Value of tHourly Rate
Current Hourly Rate 14
Hourly Rate next year 1 $ 15.05 7.48%
Hourly Rate in 3 years 3 $ 17.38 24.16%Using the CPI values from the website below, find the yearly inflation rate between January 2021 and January 2022. 1. Go to Bureau of Labor Statistics page link https://data.bls.gov/cgi-bin/surveymost?cu 2. Check the box to the left of text "U.S. city average, All items - CUUR0000SA0"
3. Press the "Retrieve Data" button at the bottom of the list. Based on the inflation rate, if you made $14/hour in January 2021, how much should you make the following year? What about in 3 years? For each projected hourly rate, find the percent increase compared to the current hourly rate
Percent Increase over Hourly RateCPI Values
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