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Posted on Aug 01, 2024

Suppose your salary in 2 0 1 5 is $ 4 0 , 0 0 0 . Assuming an annual inflation rate of 7 %

Suppose your salary in

2015

is $

40, 000 .

Assuming an annual inflation rate of

7 %,

what salary do you need to earn in

2019

in order to have the same purchasing power?

(

Round your answer to two decimal places.

)

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