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You currently earn $35,000 per year. If your salary grows a

You currently earn $35,000 per year. If your salary grows at an assumed 3.5% average inflation rate, how much will your annual salary be in 25 years?
a. $82,713
b. $79,916
c. $1,363,245
d. $1,445,960
e. Insufficient information to compute

Solution Summary

The solution provides calculations and explanations for the problem.

$2.19