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April 20, 2014

Homework Help: MTH 156

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)?

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