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Author Question: Find the salary in 2014 dollars that would be equivalent to a $70,000 salary in 2018. Assume an ... (Read 823 times)

deesands

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Question 1

Find the salary in 2010 dollars that would be equivalent to a $67,750 salary in 2018. Assume an average annual inflation rate of 3% between 2010 and 2018. Round your answer to the nearest cent.
◦ $53,482.48
◦ $50,510.36
◦ $50,412.36
◦ $52,863.44
◦ $56,082.98

Question 2

Find the salary in 2014 dollars that would be equivalent to a $70,000 salary in 2018. Assume an average annual inflation rate of 3.25% between 2014 and 2018. Round your answer to the nearest cent.
◦ $63,595.72
◦ $59,510.89
◦ $63,789.13
◦ $61,593.91
◦ $61,953.15


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Marked as best answer by deesands on May 5, 2020

Moriaki

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