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.
$__________

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The Answer of 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.
$__________

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