Jonas' current annual salary is $70,000. Ten years from now how much will he need to earn

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Jonas' current annual salary is $70,000. Ten years from now how much will he need to earn to retain his present purchasing power if the rate of inflation over that period is 2% /year compounded continuously?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Mar 30, 2024 10:39 AM

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Jonas' current annual salary is $70,000. Ten years from now how much will he need to earn

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Personal Finance

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