Posted by Anonymous on Monday, September 10, 2012 at 10:42pm.
Suppose an insurance agent offers you a policy that will provide you with a yearly income of $230,000 in 30 years. What is the comparable annual salary today, assuming an inflation rate of 4%?. (Round your answer to the nearest cent.)
$ 1

math  Steve, Tuesday, September 11, 2012 at 12:09am
if the salary is s,
s*1.04^30 = 230000
s = 70,913.29