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August 1, 2014

Homework Help: Math

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

The Inflation Problem. If a person makes $30,000 in 2004 and the inflation rate is 4% annually, how much is this salary worth in the year 2008 (in terms of 2004 dollars)?

Would I just add by 4% for 4 years?

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