Asked by shirley

Suppose an insurance agent offers you a policy that will provide you with a yearly income of $230,000 in 20 years. What is the comparable annual salary today, assuming an inflation rate of 3%?. (Round your answer to the nearest cent.)
Answered by DrBob222
Is Please Help the name of your subject?
Answered by Shirley
Yes
Answered by Ms. Sue
Gee -- I must have failed "Please Help" when I was in school. I remember nothing about such a class.
Answered by Genny017
Wow, pretty ignorant responses you have received. Would have taken less time to post the formula for the answer.

230,000/1.03^20=
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