Finance
posted by Tyga .
If a person makes $30,000 in 2004 and the inflation rate is 4% annually, how much is this salary worth in the year 2008 (in terms of 2004 dollars)?
Respond to this Question
Similar Questions

Stats (Finance)
Given the following information: Year X Y Z 2004 12.53 2.64 4.65 2005 6.25 4.67 16.78 2006 9.62 3.50 13.46 2007 12.99 6.89 10.43 2008 26.84 13.56 3.56 A. Calculate the average rate of return for each of X, Y, Z for the period … 
math
If a person makes $30,000 in 2004 and the inflation rate is4% annually, how much is this salary worth in the year 2008 (in terms of 2004 dollars)? 
algebra
The equation y=  1777x + 27,153 can be used to predict the number y of gun deaths in the United States x years after 2000 that is, x=0 corresponds to 2000, x =3 corresponds to 2003, x = 4, and so on. Predict the number of gun deaths … 
Math
The Inflation Problem. If a person makes $30,000 in 2004 and the inflation rate is 4% annually, how much is this salary worth in the year 2008 (in terms of 2004 dollars)? 
Finance
2004 and the inflation rate is 4% annually 
MTH 156
I am having trouble with this question, please help. If a person makes $30,000 in 2004 and the inflation rate is 4% annually, how much is this salary worth in the year 2008 (in terms of 2004 dollars)? 
math
If a person makes $30,000 in 2004 and the inflation rate is 4% annually, how much is this salary worth in the year 2008 (in terms of 2004 dollars)? 
Finance
(Inflation) A projectâ€™s initial investment is $40,000, and it has a fiveyear life. At the end of the fifth year, the equipment is expected to be sold for $12,000, at which time its net book value will be $5,000. The CFATs (including … 
Math: Finance
Need help solving these finance questions? 
math
the formula S=c(1+r)^2 models inflation, where C= the value today, r=the annual inflation rate, and S= the inflated value t years from now use this formula to solve the problems: If the inflation rate is 6% how much will a house now …