Posted by Danielle on Sunday, August 26, 2012 at 8:12pm.
Suppose an insurance agent offers you a policy that will provide you with a yearly income of $150,000 in 25 years. What is the comparable annual salary today, assuming an inflation rate of 4%?. (Round your answer to the nearest cent.)
I think I would solve this problem like this 150000/1.04^25 Could someone let me know if that is in fact correct or where any mistake was made thank you in advance.

Algebra with Applications  Genny017, Sunday, December 2, 2012 at 10:02pm
Correct
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