9. In 2007, Joelle spent $5,000 on her health care. If this amount increased by 6 percent

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9. In 2007, Joelle spent $5,000 on her health care. If this amount increased by 6 percent per year, what would be the amount Joelle spent in 2017 for the same health care? (Hint: Use the time value of money table in Chapter 1 Appendix, Exhibit 1–A.) (LO9.6)

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