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Paul just graduated from college and landed his first real job, which pays $ 4 3 , 2 0 0 a year. In 1 3

Paul just graduated from college and landed his first "real" job, which pays $43,200 a year. In 13 years, what will he need to earn to maintain the same purchasing power if inflation averages 2 percent? The future value, Fv, Paul will need to earn if inflation averages 2 percent is $ ______(Round to the nearest cent.)

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