Question: Question 1 1.66 pts 1. Future Value. As a graduating senior, Chun Kumora of Manhattan, Kansas, is eager to enter the job market at an

 Question 1 1.66 pts 1. Future Value. As a graduating senior,

Question 1 1.66 pts 1. Future Value. As a graduating senior, Chun Kumora of Manhattan, Kansas, is eager to enter the job market at an anticipated annual salary of $54,000. a. Assuming an average inflation rate of 3% and an equal cost-of-living raise (also 3%), what will his salary possibly become in ten years? (Hint: Use Appendix A-1). $64,300 $72,570 $92,576 $120,340

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