document.write( "Question 1154155: Suppose your annual salary today is Php 500 000.00. What must be your annual salary in 6 years - that is a salary that will have the same purchasing power? Consider the inflation rate is 6.2%. \n" ); document.write( "

Algebra.Com's Answer #776547 by ikleyn(52862) $\"\"$ $\"About$

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document.write( "    Inflation is a quantitative measure of the rate at which the average price level of a basket \r\n" );
document.write( "    of selected goods and services in an economy increases over a period of time.\r\n" );
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document.write( "Then it is clear that the formula is\r\n" );
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document.write( "    annual salary in  6 years = ,\r\n" );
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document.write( "and the answer is\r\n" );
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document.write( "    annual salary in 6 years =  = Php 717,327  (rounded to the nearest integer value).    ANSWER\r\n" );
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