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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
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
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