Friday

December 19, 2014

December 19, 2014

Posted by **m** on Tuesday, November 2, 2010 at 2:40pm.

2004 and the inflation rate is 4% annually, how much is this

salary worth in the year 2008 (in terms of 2004 dollars)?

What I have is 2004=30000

2005=30000x1.04=32448

then continuing through the years to

2008=35095.76

30000/35095.76x30000=25644.12 is what his salary would be worth in 2008 in terms of 2004 dollars

**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 - The Inflation Problem. If a person makes $30,000 in 2004 and the ...

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

Stats (Finance) - Given the following information: Year X Y Z 2004 12.53 2.64 -4...

Finance - 2004 and the inflation rate is 4% annually

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 ...

algebra - The equation y= - 1777x + 27,153 can be used to predict the number y ...

HeLP MATH !!!! - The annual sales S (in billion of dollars) of oracle ...