Suppose the Cost-Of-Living Index Had Increased by 5% During Each

question 59

Multiple Choice

Suppose the cost-of-living index had increased by 5% during each of the past 9 yr and that a member of the EUW Union had been guaranteed an annual increase equal to 2% above the cost-of-living index over that period. What would be the present salary of a union member whose salary 9 yr ago was $37,000? Round your answer to the nearest cents. ​

• A) $63,572.89
• B) $68,022.99
• C) $79,134.10
• D) $72,784.60

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Definitions:

Producing Language

The process of using words, symbols, and grammar to convey meaning and communicate with others.

Right Hemisphere

the half of the brain that controls the left side of the body, often associated with creativity, spatial ability, and facial recognition.

Visual-spatial Skills

The ability to understand, reason, and remember the spatial relations among objects or space.

Brain Part

A specific anatomical component of the brain responsible for various functions, such as the cerebrum for thought and action, or the cerebellum for balance and coordination.