3. You are planning a 30-day vacation in Malaysia, one year from now. The daily cost is expected to be RM1,045. The Malaysian ringgit presently trades at RM3.1350/$.You budget $10,000 for the holiday. The hotel informs you that any increase in its room charges will be limited to any increase in the Malaysian cost of living. Malaysian inflation is expected to be 2.75% per annum, while Australian inflation is expected to be 1.25%. a) How many dollars might you expect to need one year hence to pay for your 30-day vacation? b) By what percent will the dollar cost have gone up? Why? I 54