Both David and Belinda are union members, and their salary increases are protected by their respective enterprise bargaining agreements which guarantee them a salary increase of $3\%$ per annum. How would their total combined wealth change when the annual salary increases are accounted for?Both David and Belinda are union members, and their salary increases are protected by their respective enterprise bargaining agreements which guarantee them a salary increase of $3\%$ per annum. How would their total combined wealth change when the annual salary increases are accounted for?

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Lets calculate the total combined wealth for David a... View the full answer