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Suppose your salary in 2013 is $70,000. Assuming an annual inflation rate of 7%, what salary do you need to earn in 2021 in order

Suppose your salary in 2013 is $70,000. Assuming an annual inflation rate of 7%, what salary do you need to earn in 2021 in order to have the same purchasing power? (Round your answer to two decimal places.)

$

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