You just graduated from college and landed your first "real" job, which pays $65,000 a year. In 13 years how much will you need to earn per year to maintain the same purchasing power if inflation is 1.25% per year?
You just graduated from college and landed your first "real" job, which pays $65,000 a year. In 13 years how much will you need to earn per year to maintain the same purchasing power if inflation is 1.25% per year?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:You just graduated from college and landed your first "real" job, which pays $65,000
a year. In 13 years how much will you need to earn per year to maintain the same
purchasing power if inflation is 1.25% per year?
Your Answer:
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