The inflation index over this same period grew from 41745


An engineer earned $22,600 per year when he began his career. Thirty years later, his annual salary was $97,900. The inflation index over this same period grew from 417.45 to 1,027.79. What was his real annual salary increase? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Real annual increase % What is his current salary in real terms? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Real salary $

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Financial Management: The inflation index over this same period grew from 41745
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