Algebra
posted by Anonymous
Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $40,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 6% compounded annually? (Round your answer to the nearest cent.)
Respond to this Question
Similar Questions

Math
Suppose an insurance agent offers you a policy that will provide you with a yearly income of 50,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 6% compounded annually? 
Algebra
Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $50,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 5% compounded annually? 
Finance
Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $40,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 5% compounded annually? 
finance
Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $50,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 4% compounded annually? 
algebra
Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $30,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 3% compounded annually? 
math
Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $60,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 6% compounded annually? 
algebra
Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $50,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 3% compounded annually? 
Algebra
suppose that an insurance agent offers you a policy that will provide you with a yearly income of $60,000 in 30 years what is the comparable salary today, assuming inflation rate of 3% compounded annually. round the answer to the nearest … 
math
Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $80,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 4% compounded annually? 
finance
Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $50,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 6% compounded annually?