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In Reply to: SALARIES posted by eric on November 23, 2002 at 16:01:15: : Can anyone tell me if there is a "rule of thumb" when calculating future value of money (ie- salary)?? : For instance, if someone made 127k twelve years ago, what would that equate to as a salary today? : I use the Dept of Labor Statistics showing an average inflation rate of approx 2.6%. Has anyone ever heard of another way to calculate it? 127,000 twelve years ago at 2.6% inflation would equal $172,811 today.
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