3. Paul just graduated from college and landed his first "real" job, which pays $33,000 a year. In 10 years, what will he need to earn to maintain the same pur- chasing power if inflation averages 3 percent?

3. Paul just graduated from college and landed his first "real" job, which pays $33,000 a year. In 10 years, what will he need to earn to maintain the same purchasing power if inflation averages 3 percent