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When Kevin started working 25 years ago, his salary was $50,923. His current salary is $162,823. When Kevin started working, the price level was 128,

When Kevin started working 25 years ago, his salary was $50,923. His current salary is

$162,823. When Kevin started working, the price level was 128, while the current price level is

156. How much has Kevins salary increased in real terms over the 25 years?

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

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