9. In 2005, Joelle spent $5,400 on her health care. If this amount increased by 5 percent per year, what would be the amount Joelle
9.
In 2005, Joelle spent $5,400 on her health care. If this amount increased by 5 percent per year, what would be the amount Joelle spent in 2015 for the same health care? Hint: Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to the nearest whole dollar.) |
Future annual cost | $ |
10.
As of 2012, per capita spending on health care in the United States was about $9,900. If this amount increased by 5 percent a year, what would be the amount of per capita spending for health care in 10 years? Hint: Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to the nearest whole dollar.) |
Future per capita spending | $ |
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