Question: Problem 5-31 Real Cash Flows An engineer earned $23,900 per year when he began his career. Thirty years later, his annual salary was $100,500. The

Problem 5-31 Real Cash Flows

An engineer earned $23,900 per year when he began his career. Thirty years later, his annual salary was $100,500. The inflation index over this same period grew from 431.88 to 1,069.39. Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

What was his real annual salary increase?

What is his current salary in real terms?

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