8. Calculating the Effect of Inflation. Bill and Sally Kaplan have an annual spending plan that amounts

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8. Calculating the Effect of Inflation. Bill and Sally Kaplan have an annual spending plan that amounts to $36,000. If inflation is 3 percent a year for the next three years, what amount will the Kaplans need for their living expenses three years from now?

(Obj. 4)

102

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Personal Finance

ISBN: 9780073530697

10th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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