Monday

September 22, 2014

September 22, 2014

Posted by **Anonymous** on Thursday, October 15, 2009 at 6:34pm.

Would I just add by 4% for 4 years?

- Math -
**Reiny**, Thursday, October 15, 2009 at 7:13pmNo, his salary would be worth LESS than $30,000 in the year 2008

value = 30000(1 - .04)4 = $25,480.40

- Math -
**Anonymous**, Thursday, October 15, 2009 at 7:27pmI would not have figured that out. Thank you

- Math -
**Reiny**, Thursday, October 15, 2009 at 7:35pmjust noticed a typo

my last line should have been

value = 30000(1 - .04)^4 = $25,480.40

**Answer this Question**

**Related Questions**

math - If a person makes $30,000 in 2004 and the inflation rate is4% annually, ...

Finance - If a person makes $30,000 in 2004 and the inflation rate is 4% ...

math - If a person makes $30,000 in 2004 and the inflation rate is 4% annually, ...

MTH 156 - I am having trouble with this question, please help. If a person makes...

Finance - (Inflation) A project’s initial investment is $40,000, and it has a ...

math - 3. (TCO A) The following questions are worth 5 points each. Please show ...

math - Perry made $34,885 this year. If the inflation rate was 6.5 percent, how ...

finance - Indexing exemptions for inflation. Each year, the Internal Revenue ...

Math/Finance - Due to a recession, expected inflation this year is only 2%. ...

finance - indexing exemption for inflation. each year, the internal revenue ...