document.write( "Question 1158370: Suppose your salary in 2013 is $60,000. Assuming an annual inflation rate of 9%, what salary do you need to earn in 2019 in order to have the same purchasing power? (Round your answer to two decimal places.) \n" ); document.write( "

Algebra.Com's Answer #781307 by ikleyn(52778) $\"\"$ $\"About$

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document.write( "To compensate inflation, your salary should grow with the multiplicative factor (1+0.09) = 1.09 \r\n" );
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document.write( "during 6 (six) years 2014, 2015, 2016, 2017, 2018 and 2019.\r\n" );
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document.write( "Therefore,   =  =  = 100626 dollars.    ANSWER\r\n" );
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