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A news story on Wednesday, March 21, 2018 titled: "The new executive director of PREPA will collect $ 450,000 a year", taking into account the traditional partisan political movements of PR, the contract of Mr. Walter M. Higgins III could last until 2020 ( Ie 3 years)
Question 1: We know that to calculate the total of that contract, we could simply perform the following calculations. However, you took classes with prof. Hernández and understood that the equivalent of money over time is different. Could you tell me how much is the PR people paying Mr. Higgins today? Take into account a rate of 2.5% (inflation)
Year Salary
1 450,000
2 450,000
3 450,000
total $1,350,000
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