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B In 2012, per capita spending on health care in the United States was about $10,300. If this amount increased by 3 percent a year,
B In 2012, per capita spending on health care in the United States was about $10,300. If this amount increased by 3 percent a year, what would be the amount of per capita spending for health care in eight years? Hint: Use Ext 1:AExhibit 1-8. Exhibit :C. Exhibit 1.D. (Round the discount factor to 3 decimal places and final answer to 2 decimal places.) 02:05:22 Future per capita spending Exhibit 1-A Future Value (Compounded Sum) of S1 after a Given Number of Time Periods AE 09 18 16 101 E Period 1 2 3 4 5 6 7 8 51 1.050 1.103 1.150 1.216 1.276 1.340 1.407 1.471 1.551 1.050 1.124 1.191 1.262 1.090 1.188 1.295 1.412 1.539 T BEC'I 11 21 41 1.010 1.020 1.030 1.040 1.020 1.040 1.061 1.002 1.030 1.061 1.125 1.041 1.082 1.126 2.170 1.051 1.104 1.159 1.217 1.062 1.126 1.194 1.265 1.022 1.149 1.230 1.316 1.083 1.172 1.267 1.369 2.094 1.195 1.305 1.423 1.105 1.219 1.344 1.480 1.116 1.243 1.384 1.539 1.127 1:268 1.426 1.601 1.138 1.294 1.469 1.665 1.149 1.319 1.51) 1.232 1.162 1.346 1.550 1.801 1.173 1.373 1.605 1.873 1.184 1.400 1.653 1.948 1.196 1.702 2.026 1.200 1.254 2.102 1.220 1.410 1.806 2.191 1.282 1.641 2.094 2.666 1.348 1.811 2.422 3.243 1.489 2.208 3.262 1.645 2.692 7.107 1.419 1.504 1.594 1.689 1.291 1.898 2.012 2.133 2.251 6 71 1.070 1.145 1.225 1.311 1.403 1.501 1.606 1.710 1.88 1.967 2.105 2.252 2.40 2.579 2.759 2.952 3.192 1.100 1.210 1.31 1.464 1.611 1.772 1.949 2.144 2.359 2.594 2.653 2.100 3.452 2.792 1.828 1.993 2.172 2.367 2.500 2.813 2.066 3.342 2.642 1.970 118 1.110 1.232 1.68 1.510 1.685 1.870 2.076 2.305 2.550 2.83 3.252 1.498 3.003 4.310 1.080 1.166 1.260 1.360 1.469 1.587 1.714 1.851 1.999 2.152 2.32 2.510 2.720 2.232 3.172 3.426 3.700 3.996 4.316 4.561 6.848 10.063 21.725 46.902 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 LGHZ 1.710 1.790 1.886 1.980 2.079 2.183 2.292 2.402 2.527 2.653 . 4.322 7.046 OLETE 2.540 2.623 2.850 1.026 3.207 4.292 5.743 10.286 16.420 5. 5.895 5.544 2:26) 0.062 4.595 5.054 5.560 6.117 6.27 10.035 12.449 45.259 117.99 200C 4.717 5.142 5.604 8.622 13.268 31.409 74.30 3.617 3.870 5.422 7.612 14.974 29.457 SOSVET 22.092 65.00 104.70 150 OGINO 250 1.250 1.55) 300 1.300 1.690 EZCHI C 22036 5 2.2015 4.TE 30260 6.226 BISHE SIC 10.604 ZOZE 213 11.00 Period 121 131 161 170 100 191 201 1.120 1.130 1.140 1.150 1.160 1.170 1.100 2 1234 1.22 1.300 1.362 1. 1.440 3 1.405 1.443) 1.482 1.521 1.561 1.602 1.5 1.72 4 1.574 1.630 1.689 1.709 1.811 1.87 1.939 2.005 27.074 1.762 1.042 1.925 2.011 273100 2.283 2016 21 6 2.082 2.195 2.31) 2.036 2.565 2.700 7 2.211 2.353 2.502 2.660 2.8268 3.001 1.185 1.379 3.583 2.650 2:853 2.059 3.270 1.511 4.021 09 9 2.222 3.004 3.252 2001 4.100 6.705 5.160 10 3.106 3395 0.046 4.01 2007 24 51696 11 3.479 2.226 4.652 5.62 12 3.896 122 0.064 13 4.63 5.692 686 78699 0599 9.95 14 4.00 7.026 9.002 10.10 11.20 15 3.470 6250 NIT 98266 15.407 16 012 9.358 10240 14.120 16 11. 17 10.761 12 TRIX 1.26 22. 10 72690 9.02 10.575 12:35 16.63 10.623 2.3 10197 EROT 14.232 1622 23214 22222 20 9.646 11:52 1742 162 19.61 25 7.000 21.21 26.02 32019 40DZ 30 29.560 39.116 50.950 66212 111.070 143.70 104.680 257.100 40 160.00 26722060 532870 169.000 50 209.000 450740 700230 3.700670.200 2366200222400 S.900 9.100HCOO ZIING TOONS QEN 175922 2200 3000 LOGO ICONE 022 35.7 29014 56252 US SOM 99019 CTO DICHT OGTMSP ODOHOST STE WELL 0216 20.700 ESOS 105200 OSENSO QUELE OENOST OD MESOME DOOMILIE ESOME ORLEET oot ESME DOM SOMOL 42.000 Exhibit 1-B Future Value (Compounded Sum) of $1 Paid In at the End of Each Period for a Given Number of Time Periods (an Annuity) Period 10 110 61 1.000 2.060 1.104 70 1.000 2.070 2 3 4 1.000 2.030 3.220 1.000 2.100 22.11 OCOC 1.000 2.060 3.246 4.506 5.00 DIEC 41 1.000 2.040 3.122 4.246 3.416 6.6 7.69 9.214 20.503 4.710 5 9 4.440 3.251 G105 5 7. (SIN 0394 9:47 0.654 10.260 503 702 9.200 13.020 13.022 15.33 17.560 ATI 11.05 100131 13.30 15.737 10.31 20 1.000 1.000 2.010 2.020 3.060 4.060 4.122 3.102 5.204 6.152 6.300 7.214 7.414 8.583 9.369 9.755 10.462 10.550 12.109 12.603 122.412 13.09 14.680 15.074 16.097 17.23 17.250 18.639 20.012 19.615 23.012 20:01 22.841 22.019 24.1293 20.203 32.030 14.705 40.5 48.886 60.402 64.463 14.579 10.61 12.45 16.03 16.65 10.222 1.000 2.03 3.691 4.184 5.309 6.4 7.662 0.092 10.159 11.464 12.000 14.192 15.618 12.006 10.599 20.157 21.72 23.410 25.117 26.070 36.459 47.575 25.401 112.800 58 1.000 2.056 3.153 4.210 5.526 6102 0.143 9.549 11.027 12.57 14.2017 15.07 17.713 12:595 21.520 23.657 23.840 20.1522 10.339 3.066 47.722 66.439 120.00 209.350 9 10 11 12 13 24 35 16 17 10 15 20 25 30 40 50 22.99 16.222 17.561 222213 26.212 30.095 5243323 14.972 16.020 10.02 21.015 23:27 25.67) 23.016 15.24 12.000 20.16 22.550 25.125 22.888 30.340 SKOLE TEERIT 39190 40.502 13.406 15.026 16.67 18:22 20.024 21.025 201611 25.645 27.671 29.2700 41.646 56.005 95.026 152.670 OBEC 30 . 37.450 41.46 552772 0.906 2760 1.286 SOS 35.950 40.565 49.599 51:59 57.25 29.1 33.000 360 4101 460 51.160 84.701 16. 317.610 12.08 13.379 40.995 64.203 114.410 ! GAN SOTECZ TEVE 14201 ORORGE 25.00 15760 290.30 ORWEGE 259.000 T0499 4020 950 66.530 1.6.0 258 Period 170 1.000 396 1.000 1.000 2.100 OGT2 308 1.000 22300 3110 5.107 1.000 2.220 3.370 4.79 6.35) 3.606 SHT 5.368 2 3 4 5 5 2 8 5.141 2.010 00 12.07 11359 15.0722 200 15902 19.023 2.703 25.00 1.215 2.154 9.442 12.12 15.321 19.IT 23.521 20.355 34.921 42.21 11.722 14.273 11.05 22:22 200 32.824 6 10.009 1200 14.376 12.549 20.655 24.1 28.029 2.33 10 SPONES .25 4.566 54.2011 100 131 101 150 161 1.000 1.000 1.000 2000 2.10 2.140 2.1961 3.407 3.0 3.433 3.506 4.850 4.21 4.993 1.066 6.480 6.610 X2 6.072 2.323 8.754 6.972 10.405 10.730 11.062 11.014 12.17 13.2722 14.20 35.00 16.015 16.706 11.50 18.420 19.30 20.04 21 21.01 24. 25.650 22:271 29.002 30050 23905 32.00 34.352 6.100 14.883 32.01 43.627 CO.612 43.42 42.580 51160 46.672 503780 3.71172 CON 925 53.79 61.725 7501 84.141 70.249 0.212 86.743 91.025 102.440 115.330 155.620 101.00 212.790 249.210 2033200 356.790 4342750 530,10 101.700 12.000 1.77.100 2010 4,994.500 7.212.700 10 GIODO S6405 TE 9.625 12210 16. 12 05.20 CT 39.15 7722035 33.643 30. 138.110 320 42.753 40.14 55.750 6.440 OLESTE 218.50 2733.560 5920 14 15 16 17 18 15 20 25 30 40 50 56110 66261 66.649 72.29 5.959 7132 07.040 23.406 110.90 12300 146.00 162020 292.110 342.000 607.000 66700 2.500 52.000 DOMODO 2012000 120.000 100 OSHERE OCONOCE DONEO DATE DOSTORE 05606 233.330 241.0 767096 32200 30.000.000 250.000 3.000 2.000 000 GS 005-65' Exhibit 1-C Present Value of $1 to Be Received at the End of a Given Number of Time Periods 1C 88 90 0.917 0.842 [ Period 1 2 3 4 5 71 0.935 0.023 0.816 0.763 68 0.943 0.890 0.840 0.792 0.747 0.705 0.663 0.627 0.592 0.550 0.527 0.926 0.857 0.794 0.735 0.601 0.630 0.583 0.540 0.500 0.463 9 41 0.962 0.925 0.889 0.855 0.823 0.790 0.760 0.731 0.703 0.626 0.650 0.625 0.601 0.527 0.555 101 0.909 0.626 0.751 0.683 0.621 0.564 0.513 0.667 0.024 0.186 11 0.990 0.900 0.971 0.961 0.951 0.942 0.93) 0.923 0.914 0.905 0.896 0.003 0.879 0.870 0.861 0.853 0.844 0.836 0.020 0.020 0.780 0.742 0.672 0.608 0.980 0.961 0.942 0.924 0.900 0.888 0.871 0.853 0.837 0.820 0.804 0.288 0.773 0.750 0.703 0.72 0.714 0.700 0.6 0.623 0.610 0.552 0.453 0.971 0.94 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 0.722 0.701 0.681 0.661 0.642 0.623 0.605 0.587 0.570 0.550 0.478 0.412 0.12 0.228 50 0.952 0.907 0.064 0.823 0.784 0.746 0.711 0.677 0.645 0.614 0,565 0.552 0.530 0.505 0.41 0.450 0.436 0.416 0.396 0.372 0.295 0.231 0.142 0.082 0.708 0.650 0.596 0.547 0.502 0.460 0.422 0.00 0.356 0.26 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 0.666 0.623 0.582 0.544 0.500 0.425 0.444 0.015 0.288 0.62 0.339 OSCO GO 111 0.901 0.012 0.731 0.650 0.593 0.535 0.402 0.034 0.391 0.352 0.17 0.286 0.250 0.22 0.209 0. 0.370 0.153 26940 0.290 120 0.892 0.797 0.712 0.636 0.567 0.502 0.452 0.400 0.361 0.22 0.287 05257 0.229 0.205 0.13 0.163 0.146 02130 0.116 10.104 0.019 0.033 0.011 0.003 TO PESTO 0.462 0.412 0.394 0.271 0.350 0.31 0.312 0.252 0.231 ICRO 0.392 0.68 0.340 0.15 0.292 0.270 0.250 0.232 0.215 0.146 0.099 0.045 0.021 0.513 0.494 0.425 0.456 0.75 0.08 0.194 acto 0.272 0.250 0.14 0.131 0.067 0.034 0.239 0.218 0.190 0.100 0.164 0.19 0.092 0.057 0.022 0.009 0.124 0.074 0.046 0.033 0.116 0.075 0.032 0.013) 0.174 0.097 0.005 ZLENO 0.054 105 181 0.347 161 0.862 0.743 190 0.840 201 0.0 0.694 300 0.75 0.592 251 0.800 0.640 0.312 400 0.714 0.50 Period 3 2 3 4 5 150 0.870 0.256 0.653 0.572 356 0.101 0.542 0.406 9.301 141 0.877 0.79 0.675 0.592 0.519 0.456 0.667 0.44 0.295 0.609 0.515 0.099 0.402 CORO 170 0.035 0.231 0.624 0.54 0.16 0.390 0.333 0.205 0.243 0.208 0.265 6.267 SCHO 0:552 0.47 0.40 0.354 0.305 0.23 0.320 0.262 0.210 0.160 0.165 0.122 131 0.885 0.783 0.593 0.613 0.543 0.410 0.425 0.376 0.3) 0.295 0.261 0.21 0204 0.181 0.160 0.141 O 125 0.2016 0.42 0.376 0.322 0.200 0.247 0.370 0.14 0.266 0:22 0.335 0.279 0.233 0.14 0.162 0.135 0.112 0.02 0.01 7 8 9 10 11 12 13 14 15 0.113 0.0 0.059 0.039 0.026 0.017 0.012 0.000 0.12) 0.094 0.02 0.056 0.043 0.050 0.037 BLTTO 0.260 0.16 0.133 0.095 0.000 0.040 0.035 0.025 0.010 0.01 0.009 0.005 0.005 ORD 0.107 0.006 0.069 0.05 0.044 0.262 0.137 0.351 0.300 0.270 0.237 0.20 0.182 160 0.140 OX123 6.10B 0.095 0.107 0.160 0.103 CCOMO SOHO COOTO SEO 66010 SCONO 0.01 0.101 0.123 0.107 0.100 0.00 0.015 0.012 0.209 O. 176 0.140 0.124 0.104 0.00 0.074 0.062 0.092 0.044 0.017 0.031 0.013 0.003 0.001 O 0.002 0.002 0.001 0.001 GOMO 0.054 02.045 0.038 0.031 GOONO 17 ZOOYO 0.130 0111 0.005 0.001 0.069 0.059 0.051 0.04 0.020 0.009 0.002 0.00 0.023 0.018 0.01 0.012 0.00 0.071 0.060 0.051 0.003 0.037 0.016 0.009 0.001 81 0 0 0.002 0.001 0.000 0.005 0.002 0.002 0.00 o 0.007 0.005 0.001 0.093 0.000 0.000 0.060 0.051 0.024 0.012 0.00) 0.00 0.001 0.070 0.0661 0.000 0.015 O LONO 0 0.090 0.087 0.042 0.026 0 19 20 25 30 46 50 O 0 0.001 0.010 0.01040 0.001 0 0.01 0.020 0.003 0.001 0 O O O POON O O BOOMO 0 0.002 0.001 Exhibit 1-D Present Value of S1 Received at the End of Each Period for a Given Number of Time Periods (an Annuity) Period 15 19 NU 16 100 0.909 120 0.0 2 3 0.917 1.759 40 0.962 1.885 26225 5.60 4.02 5.242 6.002 2.467 3.170 JV 0.221 1.913 2.029 3.712 4.500 5.017 6.230 7.020 7706 8.530 9:25) 1.240 1.010 4.402 TEL 6 7 4.353 0.901 1/713 2.400 103 3.596 4.231 6.71 10140 5332 5.00 6202 LS15 L 9 6 2.002 3:07 3.605 4.111 4.564 4.40 5.328 54650 5.10 9951 345 5.995 6.00 5.335 52750 SCAL 9:111 ROHE 11 21 OX90 0.980 1.970 1.942 2.941 2.836 3.902 3.800 4.71) 5.795 2601 6.220 6.472 7152 7.325 8.162 9.423 0903 10.368 114255 10:23 12. 130 11.340 13.00 12.106 13.865 12345 11570 19662 1992 17.276 15670 18.046 16251 22.023 19.523 25000 27355 JAIT 21.24 71 0.32 0.943 0.935 0. 1.859 1,033 1.000 1.703 2.723 2.673 2167 2.577 3.546 3.465 1362 1.312 4.29 0.213 4.100 1993 5.076 4.913 4.623 5.16 6.210 3.747 7.00 6.802 5:247 2.722 7.360 0.306 2881 76492 7:13 2.536 9.394 1.053 7.900 126079 0.245 8.246 10510 2.212 5.100 8.559 10.106 9.442 8.051 11:27 101427 2263 122 10.059 9.372 11.158 10.336 9.600 12262 11.40 2011 10.63 19.272 121009 17.01.25 10.356 1721 POK X 7.10) 10 11 12 13 14 15 16 17 10 19 20 25 30 40 10.635 11.246 113239 12.561 12.16 161 7.07 7.785 0.051 03 9.16 10.563 11.111 11.652 12-16 750 6.902 1.121 FEOS 6.424 5.620 5.011 6.970 7.102 TOE ESTRE 7.549 7.292 7.83 OSO 7.366 12.10 13.500 11STOT POMAT 7.843 9022 14.3 14.877 17.013 101. 23115 3210 ON622 0.690 9.823 10.274 HOA DER 112 2102 05 Period 130 100 101 200 500 250 MEC 17 0.055 1.515 191 0.000 304 OMIST 400 09 OTEVO CORO 1.11 13 1.546 2017 150 166 9.862 12626 1.00 2.282 22 2011 31352 N65 11607 222222 20 2.106 20140 3 24 1.668 2011 2. 3.51 WOME 2016 11 55083 20722 5 CCM ZEME COM 3.051 KID 7.015 2DINE 2.600 203 3. GO 011 NO COM . RU 4019 4.946 483 AN 4707 Z10) 6 H CHO CHO 2 40 16 THE TEK NE 10 11 12 52314 GEOHT NO PR NE TES CT HANS h G00 116 02 GRO HAS MEX EDIT ETA HOME ELE 600 SHID > KING MES 1. TOMS 61 462 6120 15 16 20 100 19 20 25 30 5.072 ESTRE 5. 5.504 5.628 SOD 16 4.012 NO3 070 4.9 242 COM 1.990 TOIRES GERE 6259 22025 2.1 IN 5667 11 692 SENE NOT 5.029 ERDO 2000 COOR SIM 005 LG . 2105 CAUZ 3.540 5.554 2100 CODE 1675
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