inflation this coming year is expected to be 4 percent. If Mr. Gonza earned $37,000 this year, how much must he earn next year just to keep up with inflation and balance his growing income and expenses? (Show all work.)

2. Jamie wants to have $1,000,000 for his retirement in 25 years. How much should he save annually if he believes that he can earn 10% of his investment?

Answer rating: 100% (QA)

To calculate how much Mr Gonza must earn next year to keep up with inflation we need to add the infl... View the full answer