Suppose that your income is $18,900 per year and you receive a cost-of-living raise each year. If inflation is constant at 6% annually, in how many years will you be making $25,400 per year?

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08-07-2024
Mathematics

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Suppose that your income is $18,900 per year and you receive a cost-of-living raise each year. If inflation is constant at 6% annually, in how many years will you be making $25,400 per year?

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