Question

In: Accounting

Current salary is $76,500, what is new salary with 4.5% inflation?

Current salary is $76,500, what is new salary with 4.5% inflation?

Solutions

Expert Solution

Current salary = 76500
Inflation rate = 4.50%
New salary = $ 79,942.50
76500*(1+4.5%)
Answer = $ 79,942.50

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