Q1:(a) Your current salary is $60,000/year. What will be your salary after Five years if you receive a *.5% per year merit increase a) $85,245 O b) $76,577 O c) $66,245 O d) $70,650 Q1: (b) If inflation over the next five years is 3% per year, then the answer .in problem (a) will become a) Money income b) Real income c) Both (a) and (b) O d) None of the above O