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In 2007, Joelle spent $5,500 on her health care. If this amount increased by 5 percent per year, what would be the amount Joelle spent

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In 2007, Joelle spent $5,500 on her health care. If this amount increased by 5 percent per year, what would be the amount Joelle spent in 2017 for the same health care? Hint: Use Exhibit 1-A. Exhibit 1-8. Exhibit 1-C. Exhibit 1-D. (Round the discount factor to 3 decimal places and final answer to 2 decimal places.) 2017 annual cost

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