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Find the real value of your $40,000 salary for each of the

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Suppose you'll have an annual nominal income of $40,000 for each of the next 3 years, and the inflation rate is 4% per year.

a) find the real value of your $40,000 salary for each of the next 3 years.

Year 1

Year 2

Year 3

Reference no: EM13325446

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