Multiple Choice
Recall the Application about the impact inflation has on your potential future salary and the repayment of student loans to answer the following question(s) .
-According to this Application, if you earn a salary of $40,000 in the first year and all prices triple in the next 10 years, what will your nominal annual salary be in 10 years?
A) $20,000
B) $60,000
C) $120,000
D) $180,000
Correct Answer:
Verified
Correct Answer:
Verified
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