When George Washington was president of the United States in 1797, his salary was $25,000 - 421

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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.$954,719

B.$2,525,548

C.$4,085,920

D.$1,025,000

E.$3,489,097

 
Solution Description

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