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What is the buying power of the 1998 US dollar compared to a dollar today?
Wiki User
∙ 9y ago
The buying power of the US dollar has decreased somewhat since 1998. The value of a dollar in 1998 is equal to $1.46 today.
Wiki User
∙ 9y ago
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How much is one 1931 American dollar worth today?
The purchasing power of one dollar in 1931 would be worth $15.30 in 2014. This would be done by multiplying $1 by the percentage increase in the consumer price index from 1931 to 2014.
What would the value of a 1992 dollar be today?
.70
What is the time value of money. How can time value of money be used in making financial decisions?
The time value of money is one of the corner stones of finance. It states that a dollar now is worth more compared to dollar later in time. And if you think about it, it is correct. Here is why: Imagine two situations: - you have a $1000 now in your pocket - you will receive $1000 in one year Lets say that you do NOT need the $1000 now or later; however you would like to have them. Now, if you had the money in your pocket today and you don't need them, what you can do is to invest them in the back and maybe you can earn couple of % interest on them (this will at least help you negate the effects of inflation). However, if you are to receive the money in one year, you will have to pass on the opportunity to invest and make some interest on them. Moreover, when you receive the money next year, they will be a $1000; however their buying power will be slightly less thanks to inflation. So to summarize - money now are worth more because they are at your disposal and they can earn you interest. Money later earn you no interest and suffer from inflation (alright, they gain from deflation too; however money in the bank do that too). This is a simple example but you can imagine in different terms - lets say a company receiving money to pay off debt today rather in a month, thus saving some interest costs.
What are the major factor causing changes in management accounting today?
technology, global competition, concentration of power.
Why do companies offer a cash discount?
because they get cash straight away, but have to wait for months+ to get the full amount paid in installments. Plus when you say your buying today you get it cheaper when you wave the 'cash amount' in their direction as opposed to going away and maybe buying it from someplace else, they want to close the sale. to attract more customers to purchase their goods, to get everything sold to bring in new stock in the organisation.
What was the buying power of a 1911 US dollar compared to a dollar today?
About $10,000 today
What is the buying power of a 2001 dollar compared to a dollar today?
$1.38 in 2015.
What is the buying power of a 1970 dollar compared to a dollar today?
It is the same. A dollar is a dollar no matter which year it was printed.
What is the buying power of a 1926 US dollar compared to a dollar today?
Roughly $11.71 as of 2007
What is the value of a dollar in 1989 compared to 2013?
A dollar in 1989 has the same buying power as 1.88 today. Or another way to look at it would be a dollar in 1989 would be worth approximately 53 cents today.
In Fitzgerald's 1926 novel The Great Gatsby Nick Carraway pays 80 dollars a month for his accommodation. Roughly how much would 80 dollars be in real terms today?
The buying power of 1 US dollar in 1926 compared to the dollar in 2007 was roughly $11.71 which means that Nick Carraway's bill in 1926 compared to what it would have been in 2007 looks like this:$11.71 x 80 = $936.80Please thankID1148164187for the answer to the question:What is the buying power of a 1926 US dollar compared to a dollar of today?Hope this helped!theonlinehelper com
How much was 7.50 In 1960 Compared To Today?
$7.50 in 1960 had the same buying power as $60.34 in 2016.
What is the comparison between the U.S dollar of 1821 compared to the U.S dollar today?
what would one dollar in 1821 be worth today
What is US dollar buying rate in India today?
48.54
What is the buying rate of you s dollar today?
pkrs: 85
What is today's US Dollar currency Buying rate in India?
48.54
What was a dollar worth in 1962 compared to today?
In 1962 the value of a dollar was the same as $7.77 in today's time. This is caused by the annual inflation rate of 4.02 percent.
