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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 real terms

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 real terms at the end of 7 th year if inflation is expected to be 1.75% ? $95,421 $84,684 $97,046 $84,510

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