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When Kevin started working 23 years ago, his salary was $54,197. His current salary is $164,609. When Kevin started working, the price level was 121,

When Kevin started working 23 years ago, his salary was $54,197. His current salary is

$164,609. When Kevin started working, the price level was 121, while the current price level is

158. How much has Kevins salary increased in real terms over the 23 years?

State your answer to two decimal places (e.g., 3;28).

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