Question
When Kevin started working 28 years ago, his salary was $64,874. His current salary is $163,925. When Kevin started working, the price level was 125,
When Kevin started working 28 years ago, his salary was $64,874. His current salary is
$163,925. When Kevin started working, the price level was 125, while the current price level is
158. How much has Kevins salary increased in real terms over the 28 years?
State your answer to two decimal places (e.g., 3;28).
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen
2nd Edition
0538473452, 9780538473453
