An engineer earned $26,300 per year when he began his career. Thirty years later, his annual salary

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An engineer earned $26,300 per year when he began his career. Thirty years later, his annual salary was $105,350. The inflation index over this same period grew from 455.18 to 1,046.27. What was his real annual salary increase? What is his current salary in real terms?

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Corporate Finance Core Principles And Applications

ISBN: 9781260571127

6th Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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