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22-02-2024
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Mary's salary in 2004 was $50,000. calculate what her nominal salary should be in 2019 (cpi 2019 = 260) in order to leave her with the same buying power $50,000 had in 2004

a. 58,721
b. 55,223
c. 75,581
c. None of these
d. 64,356

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