When George Washington was president of the United States in 1797, - 2347

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Request Description

When George Washington was president of the United States in 1797, his salary was $25,000. If you assume an annual rate of inflation of 2.5%, how much would his salary have been in 1997?

A.   $4,085,920

B.   $3,489,097

C.   $1,025,000

D.   $2,525,548

E.   $954,719

Solution Description

When George Washington was president of the United States in 1797, his salary was