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Posted on Jul 22, 2024

When Kevin started working 29 years ago, his salary was $69,920. His current salary is $165,074. When Kevin started working, the price level was 120,

When Kevin started working 29 years ago, his salary was $69,920. His current salary is

$165,074. When Kevin started working, the price level was 120, while the current price level is

156. How much has Kevins salary increased in real terms over the 29 years?

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

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