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2. If inflation is increasing at 3.1 percent per year, and your salary increases at the same rate, how long will it take your salary

2. If inflation is increasing at 3.1 percent per year, and your salary increases at the same rate, how long will it take your salary to double? (Round up your answer to the next whole number.)

Multiple Choice

  • 24 years

  • 26 years

  • 20 years

  • 28 years

  • 22 years

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