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17. [0/1 Points] DETAILS MY NOTES SMITHPOW10 7.5.052. PREVIOUS ANSWERS PRACTICE ANOTHER Suppose that an insurance agent offers you a policy that will provide

17. [0/1 Points] DETAILS MY NOTES SMITHPOW10 7.5.052. PREVIOUS ANSWERS PRACTICE ANOTHER Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $40,000 in 30 years. What is the comparable annual salary today, assuming an annual inflation rate of 4% (compounded annually)? (Round your answer to the nearest cent.) Need Help? Read It Submit Answer

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