Hi, I am looking to figure out how to find the income of $50,000 in today's dollars accounting for inflation of 3% while also assuming wage growth of 4.5% over the next 25 years. I am used to just finding the dollar income in today's dollars just accounting for inflation and not sure how to incorporate the wage growth that would outpace inflation. If it was just inflation I would us $50,000 as PV N=25, I/yr =3 and solve for FV. If I add the inflation and the wage growth that would seem to give me as number much too high and if I used the difference [(1.045/1.03) -1 ] x 100 =1.46 the FV would be lower than if I just used inflation. Any thoughts? Thanks.