Finding the annual salary


Question: 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

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Finance Basics: Finding the annual salary
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