Salary for 1973 equivalent to in 2008

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Joe Biden became a U.S. senator in 1973 when senators were paid $42,500 per year.

His last full year in the senate was 2008 when he was paid $169,300.

The CPI value for 1973 was 44.4 and the CPI value for 2008 was 215.3.

What was the salary for 1973 equivalent to in 2008 dollars if you adjusted for inflation using the CPI?

Reference no: EM132790225

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