Posted by shirley on Monday, May 28, 2012 at 4:10pm.
Suppose an insurance agent offers you a policy that will provide you with a yearly income of $230,000 in 20 years. What is the comparable annual salary today, assuming an inflation rate of 3%?. (Round your answer to the nearest cent.)

Please Help  DrBob222, Monday, May 28, 2012 at 4:19pm
Is Please Help the name of your subject?

Please Help with homework  Shirley, Monday, May 28, 2012 at 4:20pm
Yes

Please Help  Ms. Sue, Monday, May 28, 2012 at 4:28pm
Gee  I must have failed "Please Help" when I was in school. I remember nothing about such a class.

Please Help  Genny017, Sunday, December 2, 2012 at 10:01pm
Wow, pretty ignorant responses you have received. Would have taken less time to post the formula for the answer.
230,000/1.03^20=
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