Ch09 HW 0 Saved Help Save & E Che Problem 9-10 (LO9.6) 1.48 points In 2012, per capita spending on health care in the United States was about $9,000. If this amount increased by 8 percent a year, what would be the amount of per capita spending for health care in 10 years? Hint: Use Exhibit 1-A. (Round FV factor to 3 decimal places and final answer to 2 decimal places.) eBook Future per capita spending Print References Exhibit 1 -A Future Value (Compounded Sum) of $1 after a Given Number of Time Periods 3% 1.03 1.061 4% 1.04 6% 106 1.124 1.082 7% 107 1.145 1 225 1311 1.403 5% 1.05 1.103 1.158 1.216 1 276 1.34 8% 108 1166 126 136 1.469 9% 109 1 188 1 295 1412 1.539 10% 11 121 1331 1466 1 611 11% 11 1232 1 368 1518 1.685 1.093 1.125 1.191 1.126 1.17 1.262 I 1.159 1.217 1.338 1.265 1.194 1.419 1.501 1772 1.677 1.587 1.714 1.23 1.316 1.504 1.407 2 075 1.606 1.949 1.828 1.369 1.477 1.594 1.718 1.851 2305 1.993 2 144 1 267 1.305 1.689 1.551 1.423 1.838 1 999 2358 2 558 2.172 Period 1% 2% 11.01 1.02 1.02 1.04 103 1.061 1.041 1.082 1051 1.104 1062 1.126 1.072 1.149 1 083 1 172 1.094 1.195 1.105 1219 1.116 1243 1.127 1.268 1 138 1294 1.149 1.319 1.161 1346 11731 373 1 184 14 - 1428 1208 1457 1.629 1.48 2899 2.594 1.967 2.159 1.344 2 367 1.791 3152 171 1.539 1 384 2.105 1.898 2 58 2.853 2.332 2.518 1.601 1.796 1.426 2 252 2.012 2813 3.138 3.452 1.886 2.72 2 133 2.41 1.469 1.665 3.066 2 261 1.98 2.579 3 797 1.732 1.801 1.873 2 4785 2.070 2.183 4 177 4.595 1.513 1.558 1.605 1.653 1.702 1.754 5054 2.292 2.407 2527 2663 1.948 2026 2 107 7191 2.397 254 2 693 2854 3.026 3 207 2.937 3172 3.426 3.7 3.996 4.316 4661 3.342 3 542 3.97 4328 4.717 5.142 5604 .750 2 952 3.159 3.38 3617 387 556 6 116 6727 6 544 7 263 062