Janelle earned a salary of $40,000 in 1996 and $65,000 in 2006. The consumer price index was 160 in 1996 and 266 in 2006. Janelle's 1996 salary in 2006 dollars is
A) $24,060.15.
B) $42,400.00.
C) $43,655.17.
D) $66,500.00.
Correct Answer:
Verified
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