Suppose your salary in 2014 is $75,000. If the annual inflation rate is 6%, what salary do you need to make in 2020 in order for it to keep up with inflation? Round your answer to the nearest cent, if necessary.

Q: You know you will have $1,000,000 in your account when you retire. You want to be able to take…

A:

Q: A vehicle purchased for $27500 depreciates at a constant rate of 9%. Determine the approximate value…

A: The value of the vehicle after 11 years at a constant depreciation rate of 9 % is calculated by the…

Q: A payday loan store charges $35 for a one-month loan of $240. What annual interest rate is this…

A: In this question we need to find the annual intrest rate . Given  Loan charge for one month = $35…

Q: A vehicle purchased for $32500 depreciates at a constant rate of 8%. Determine the approximate value…

A: Answer:let A represents the future valueP represents the present valuer represents the depreciation…

Q: A vehicle purchased for $27500 depreciates at a constant rate of 7%. Determine the approximate value…

A: Compound interest :A=P1+rnntwhere A=future ValueP=Principal ( starting ) Valuer=annual interest…

Q: Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra…

A: Given that, the goal is to save an extra  over the next  years.To find the amount must be deposited…

Q: Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra…

A: Given that, the goal is to save an extra  over the next  years.To find the amount must be deposited…