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April 20, 2014

Homework Help: home economics

Posted by ryan on Thursday, February 25, 2010 at 9:20am.

Suppose youíll have an annual nominal income of $40,000 for each of the next 3 years, and the inflation rate is 4 percent per year. Find the real value of your $40,000 salary for each of the next 3 years.

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