# math

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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 -

if the salary is s,

s*1.04^30 = 230000
s = 70,913.29

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