Suppose the Cost-Of-Living Index Had Increased by 3% During Each

question 187

Short Answer

Suppose the cost-of-living index had increased by 3% during each of the past 6 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 6 yr ago was $21,000? Round your answer to the nearest cent.
$__________

---

Definitions:

Stay Involved

An encouragement or strategy to remain actively engaged in a particular activity, project, or situation.

We Talk, You Listen

A phrase suggesting a one-way communication dynamic where one party is the speaker and the other is the listener.

Social Media

Online platforms that allow users to create and share content or to participate in social networking.

Social Networks

Platforms that allow users to build and maintain digital relationships, share information, and communicate over the internet.