Find the salary in 2012 dollars that would be equivalent to a ...

[809779]

Question 1

Find the salary in 2008 dollars that would be equivalent to a $60,000 salary in 2018. Assume an average annual inflation rate of 1.75% between 2008 and 2018. Round your answer to the nearest cent.
◦ $48,911.10
◦ $50,942.17
◦ $50,762.46
◦ $49,220.90
◦ $50,443.72

Question 2

Find the salary in 2012 dollars that would be equivalent to a $75,000 salary in 2017. Assume an average annual inflation rate of 2.25% between 2012 and 2017. Round your answer to the nearest cent.
◦ $60,038.26
◦ $66,013.24
◦ $66,289.07
◦ $67,929.81
◦ $67,103.42

[JaynaD87]

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[msrich20]

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[Rianna douglas]

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