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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