show work please. thumbs up!

As you are probably aware there is increasing concern that inflation rates are going up. Suppose that the top grads from Cox today are starting at $80,000. If the rate of inflation for the next 4 years is 4%, a Freshman starting today will need to earn how much to receive an equivalent starting salary today $93,589 $92,800 $94,215 $80,000 O None of these other answers are correct