Answer :

nobillionaireNobley
Last year purchasing power assuming no inflation = $29,520
Current purchasing power = $29,520 - 8% = $29,520 x (1 - 0.08) = $29,520 x 0.92 = $27,158.40
Therefore current purchasing power is $27,158 to the nearest dollar.
abidemiokin

Her current purchasing power round to the nearest dollar is $27158

Percent inflation rate

Inflation is an increase in the purchasing power of an individual. Given the following parameters

Carnie's income last year = $29,520

If the inflation rate is eight percent, then her current purchasing power is expressed as:

Current purchasing power = 0.92 * $29,520

Current purchasing power = $27158.4

Her current purchasing power round to the nearest dollar is $27158

Learn more on inflation rate here: https://brainly.com/question/1100560

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