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Need it ASAP, thanks! Rich has an annual salary of $75,000 which is expected to increase by 3.5% per year. What would be his annual

Need it ASAP, thanks!

Rich has an annual salary of $75,000 which is expected to increase by 3.5% per year. What would be his annual salary in nominal terms at the end of 7th year if inflation is expected to be 1.75%?

a. $95,421

b. $97,046

c. $84,684

d. $84,510

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