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We can construct the nominal increase using Fisher equation: Nominal increase = (1 + inflation rate) x (1+ real increase) —1. For year 2012,

Nominal increase = (1 + 3.00%) x (1 + 2.18%) — 1 = 5.24%. 6. Apply the nominal increases to the values that you have found for today (purchase and sale prices, general expenses, etc.). This is shown in Table B6.

The minimum wage for 2006 = 381,500.00 x (1 + 6.78%) = 407,354.79. Table B6 Forecasted minimum wage

Year

Nominal increase

Value of the

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