Suppose your annual salary today is $55,000. You would like to know what an equivalent salary will be in 25 years, i.e., a salary that will have the same purchasing power. Assume a 3.9% inflation rate through these 25 years.

Question 1 options:

$70,098.58

$88,136.83

$108,625.00

$57,090.37

$143,136.82