Can you help with the following?

18. Calculating the Effect of Inflation. Bill and Sally Kaplan have an annual spending plan that amounts to $36,000. If inflation is 5 percent a year for the next three years, what amount would the Kaplans need for their living expenses?

A:

The number of years would be for three years. So the question is asking what the inflation amount will be for next 3 years.

Thanks