A career office at a university carefully tracks the average starting salary of its graduates each year. This year, the average starting salary of its graduating industrial engineers (IEs) was $75,000. Assuming that IE salaries rise by an average of 2.7% year, what would have been the average starting salary of IEs 13 years ago?

A career office at a university carefully tracks the average starting salary of its graduates each year. This year, the average starting salary of its graduating industrial engineers (IES) was $75,000. Assuming that IE salaries rise by an average of 2.7% year, what would have been the average starting salary of IEs 13 years ago? Click here to access the TVM Factor Table calculator. Carry all interim calculations to 5 decimal places and then round your final answer to a whole number. The tolerance is $10