Check My Work eBook Do the Math 1-2 Future Value As a graduating senior, Chun Kumora of Manhattan, Kansas, is eager to enter the job market at an anticipated annual salary of $60,000. Assuming an average inflation rate of 3 percent and an equal cost-of-living raise, what will his salary possibly become in 11 years? (Hint: Use Appendix A-1.) Round your answer to the nearest dollar. Round Future Value of a Single Amount in intermediate calculations to four decimal places. $ 72,571 What will his salary be in 21 years? Round your answer to the nearest dollar. Round Future Value of a Single Amount in intermediate calculations to four decimal places $ To make real economic progress, how much of a raise (in dollars) does Chun need to receive next year and the year after? Round your answers to the nearest dollar. Chun must receive raise greater than $ for the next year and greater than $ for the year after. Check My Work 0Icon Key