You sign a labor contract with your new boss who promises to start you out at $50,000 per year and will give you a 3% increase in your salary every year for the next six years. If inflation averages 2% each year, what will be the purchasing power equivalent of your 2024 salary expressed in "year 2018" dollars? $53,076 $59,703 $56,308 You sign a labor contract with your new boss who promises to start you out at $50,000 per year and will give you a 3% increase in your salary every year for the next six years. If inflation averages 2% each year, what will be the purchasing power equivalent of your 2024 salary expressed in "year 2018" dollars? $53,076 $59,703 $56,308