Question: An engineer earned $22,800 per year when he began his career. Thirty years later, his annual salary was $98,300. The inflation index over this same

An engineer earned $22,800 per year when he began his career. Thirty years later, his annual salary was $98,300. The inflation index over this same period grew from 419.67 to 1,034.19.

a. What was his real annual salary increase? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

b. What is his current salary in real terms? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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