Homework Help: math

Posted by Anonymous on Sunday, December 23, 2012 at 2:48pm.

Suppose an insurance agent offers you a policy that will provide you with a yearly income of $190,000 in 30 years. What is the comparable annual salary today, assuming an inflation rate of 3%?. (Round your answer to the nearest cent.)

math - bobpursley, Sunday, December 23, 2012 at 3:27pm
190,000/1.03^30= 78,300 approximately

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