On a related topic, your supervisor tells you that you can
expect annual increases of 4% during your first six years of
employment if your performance meets expectations. Using the
Consumer Price Index, you find that inflation has averaged 1.75%
per year during the past six years. Assuming that inflation
continues at the rate of 1.75% per year during the next six years,
and assuming that your job perfomrance meets expectations, find the
present value of your salary between now and six years from now.
Resist rounding until you are finished with your calculations.
Round your answer to the nearest dolalr.