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Inflation This Coming Year Is Expected to Be 3 Percent

Question 53

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Inflation this coming year is expected to be 3 percent.If Mr.Gonza earned $45,000 this year,how much must he earn the following year just to keep up with inflation and maintain the balance between his income and his increasing expenditures? (Show all work.)

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$45,000 + .03($45,00...

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