1. Suppose you are offered two jobs. One pays $30,000 the first year with annual raises of $2,000 each year. The second offers a starting...
1. Suppose you are offered two jobs. One pays $30,000 the first year with annual raises of $2,000 each year. The second offers a starting...
Between the years 1984 and 1994, the average inflation rate was 6.3%. Find the salary in the year 1994 that would be equivalent to a $40,000 salary in 1984?