Do you expect to live long enough to be a millionaire? Suppose that your annual salary today
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Do you expect to live long enough to be a millionaire? Suppose that your annual salary today is \(\$ 52,000\). If inflation continues at \(6 \%\), how long will it be before \(\$ 52,000\) increases to an annual salary of a million dollars?
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Firstly its important to understand the concept of inflation It refers to the increase in prices of ...View the full answer
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