Calculating Health Care Costs over Time. In 2012, per capita spending on health care in the United
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Calculating Health Care Costs over Time. In 2012, per capita spending on health care in the United States was about $9,000. If this amount increased by 7 percent a year, what would be the amount of per capita spending for health care in 8 years? (Hint: Use the Time Value of Money table in the Chapter 1 Appendix, Exhibit 1-A.)
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