QuestionSuppose your salary in 2013 is $\$ 65,000$ . If the annual inflation rate is $4 \%$ , what salary do you need to make in 2022 in order for it to keep up with inflation? Round your answer to the nearest cent, if necessary. Formulas

Studdy Solution
To keep up with a $\$4\%$ annual inflation rate, a salary of $\$65,000$ in 2013 would need to be approximately $\$91,752.80$ in 2022.

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