Posted by **Tammy** on Monday, October 18, 2010 at 4:34pm.

I am having trouble with this question, please help.

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)?

## Answer this Question

## Related Questions

- Finance - If a person makes $30,000 in 2004 and the inflation rate is 4% ...
- Math - The Inflation Problem. If a person makes $30,000 in 2004 and the ...
- math - If a person makes $30,000 in 2004 and the inflation rate is4% annually, ...
- math - If a person makes $30,000 in 2004 and the inflation rate is 4% annually, ...
- math - 3. (TCO A) The following questions are worth 5 points each. Please show ...
- MTH 157 - The 99 employees in a factoryearn a salary of $35,000 per year, while ...
- math - Perry made $34,885 this year. If the inflation rate was 6.5 percent, how ...
- Stats (Finance) - Given the following information: Year X Y Z 2004 12.53 2.64 -4...
- Math - Every employee's salary at the Sunrise Software Company increases each ...
- Math: Finance - Need help solving these finance questions? PV = C/r PV= C/r-g P...

More Related Questions