Business
Business, 20.01.2022 09:10, mj1226

John had $50,000 in salary this year. If this salary is increasing 4 percent annually and in- flation is projected to rise 3 percent per year, calculate the amount of return he will receive in nominal and real dollars in the fifth year.

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John had $50,000 in salary this year. If this salary is increasing 4 percent annually and in- flatio...

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