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Suppose that average incomes today were $55,625 and are expected to grow at 3.2% each year for the next 99 years. The president is considering
Suppose that average incomes today were $55,625 and are expected to grow at 3.2% each year for the next 99 years. The president is considering a policy which would increase the growth rate to 4.3%. How much higher would the average income be in 99 years if this policy is enacted? Round your final answer to two decimal places
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