Kim's annual incomes for 2007, 2009, and 2013 were $50 000, $60 000, and $65 000, respectively.

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Kim's annual incomes for 2007, 2009, and 2013 were $50 000, $60 000, and $65 000, respectively. Given that the Consumer Price Index for the three years was 111.5, 114.4, and 122.8, respectively, compute Kim's real income for 2007, 2009, and 2013.

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

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Question Posted: Nov 29, 2017 06:41 AM

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Kim's annual incomes for 2007, 2009, and 2013 were $50 000, $60 000, and $65 000, respectively.

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Nominal income CPI Real income 1...View the full answer

Contemporary Business Mathematics with Canadian Applications

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