document.write( "Question 609665: Suppose you earn a salary of $24000 per year. About what salary would you need 4 years from now to maintain your purchasing power in case the inflation rate stays at 2.9%? \n" ); document.write( "

Algebra.Com's Answer #384024 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi
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document.write( "salary of $24000 per year. About what salary would you need 4 years from now 
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document.write( "to maintain your purchasing power in case the inflation rate stays at 2.9%?
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document.write( "In General 
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document.write( "A = Accumulated Amount 
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document.write( "P= principal = $22400
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document.write( "r= annual rate = .029
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document.write( "n= periods per year = 1
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document.write( "t= years =  1
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document.write( "  A= = $25,725 \n" );
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