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Understanding Economics
Understanding Economics: A Contemporary Perspective, 2/e
Mark Lovewell, Ryerson Polytechnic University
Inflation and Unemployment

Internet Application Questions



1

Access the Bank of Canada's online Investment Calculator.
  1. If you invest $100 000 today at a compound interest rate of 4 percent while inflation is 2 percent, then what will the value of your investment be 10 years from now? How much interest is earned after inflation?
  2. Based on the interest rate and inflation rate in part a, how much would you need to invest today in order to have $20 000 in ten years time?

 




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