At 06:05 PM 7-16-2001 -0400, Benjamin J. Flickinger wrote:
>--- Carol White wrote:
>It is really a cheap shot to keep taking advantage of the extremely
>popular hockey program.  Tickets in 1989 were $8.00 for a
>reserved seat.... what's the increase percentage?
>--- end of quote ---
>
>Over 200% since 1989, 212.5% to be exact (25/8 x 100).
>
>UNO's tickets are going up $2 a piece to $10.50, $12.50, and $14.50 depending
>on seat location.

Try it this way -
8*(1+i)^12 = 25
(1+i)^12 = 25/8 = 3.125
1+i = 3.125^(1/12) = 1.0996

So the annual rate of increase has been just shy of 10%, when inflation has
been running between 3% and non-existent!  At this rate, they'll be over
$100 in 2016.

(Well, someone had to pay attention in Engin Eco...)

Still no RPI season ticket brochure, though I haven't sorted today's mail yet.

Joe
--
Joe Makowiec can be reached at:
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