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The consumer price index for selected years is shown in the following table. Year CPI Year CPI 2017 245.168 2013 232.957 2016 240.008 2012 229.594
The consumer price index for selected years is shown in the following table. Year CPI Year CPI 2017 245.168 2013 232.957 2016 240.008 2012 229.594 2015 237.017 2011 224.939 2014 236.736 2010 218.056 Suppose Lois's salary in 2010 was $57,000, $62,000 in 2014, and $70,000 in 2016. Using the values of the CPI from the table, find her salaries in constant 2015 dollars. (Round your answers to the nearest cent.) $57,000 2015 dollars $62,000 2015 dollars $70,000 2015 dollars
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Numerical Analysis
Authors: Richard L. Burden, J. Douglas Faires
9th edition
538733519, 978-1133169338, 1133169333, 978-0538733519
