In 2012, per capita spending on health care in the United States was about $9,200. 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 Exhibit 1-A, Exhibit 1-B
, Exhibit 1-C
, Exhibit 1-D
. (Round the discount factor to 3 decimal places and final answer to 2 decimal places.)
Georgia, a widow, has take-home pay of $1,600 a week. Her disability insurance coverage replaces 55 percent of her earnings after a four-week waiting period. What amount would she receive in disability benefits if an illness kept Georgia from work for 12 weeks? (Do not round intermediate calculations.)
Exhibit 1-A Future Value (Compounded Sum) of \$1 after a Given Number of Time Periods \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Period & 18 & 20 & 32 & 4v & 58 & 68 & 78 & 8% & 95 & 103 & 11v \\ \hline 1 & 1.010 & 1.020 & 1.030 & 1.040 & 1.050 & 1.060 & 1.070 & 1.080 & 1.098 & 1.100 & 1.110 \\ \hline 2 & 1.020 & 1.040 & 1.061 & 1.082 & 1.103 & 1.124 & 1.145 & 1.166 & 1.188 & 1.210 & 1.232 \\ \hline 3 & 1.030 & 1.061 & 1.093 & 1.125 & 1.158 & 1.191 & 1.225 & 1.260 & 1.295 & 1.331 & 1.368 \\ \hline 4 & 1.041 & 1.082 & 1.126 & 1.170 & 1.216 & 1.262 & 1.311 & 1.360 & 1.412 & 1.464 & 1.518 \\ \hline 5 & 1.051 & 1.104 & 1.159 & 1.217 & 1.276 & 1.338 & 1.403 & 1.469 & 1.539 & 1.611 & 1.685 \\ \hline 6 & 1.062 & 1.126 & 1.194 & 1.265 & 1.340 & 1.419 & 1.501 & 1.587 & 1.677 & 1.772 & 1.870 \\ \hline 7 & 1.072 & 1.149 & 1.230 & 1.316 & 1.407 & 1.504 & 1.606 & 1.714 & 1.828 & 1.949 & 2.076 \\ \hline 8 & 1.083 & 1.172 & 1.267 & 1.369 & 1.477 & 1.594 & 1.718 & 1.851 & 1.993 & 2.144 & 2.385 \\ \hline 9 & 1.094 & 1.195 & 1.305 & 1.423 & 1.551 & 1.689 & 1.838 & 1.999 & 2.172 & 2.358 & 2.558 \\ \hline 10 & 1.105 & 1.219 & 1.344 & 1.480 & 1.629 & 1.791 & 1.967 & 2.159 & 2.367 & 2.594 & 2.839 \\ \hline 11 & 1.116 & 1.243 & 1.384 & 1.539 & 1.710 & 1.898 & 2.105 & 2.332 & 2.580 & 2.853 & 3.152 \\ \hline 12 & 1.127 & 1.268 & 1.426 & 1.601 & 1.796 & 2.012 & 2.252 & 2.518 & 2.813 & 3.138 & 3.498 \\ \hline 13 & 1.138 & 1.294 & 1.469 & 1.665 & 1.886 & 2.133 & 2.410 & 2.720 & 3.066 & 3.452 & 3.883 \\ \hline 14 & 1.149 & 1.319 & 1.513 & 1.732 & 1.980 & 2.261 & 2.579 & 2.937 & 3.342 & 3.797 & 4.310 \\ \hline 15 & 1.161 & 1.346 & 1.558 & 1.801 & 2.079 & 2.397 & 2.759 & 3.172 & 3.642 & 4.177 & 4.785 \\ \hline 16 & 1.173 & 1.373 & 1.605 & 1.873 & 2.183 & 2.540 & 2.952 & 3.426 & 3.970 & 4.595 & 5.311 \\ \hline 17 & 1.184 & 1.400 & 1.653 & 1.948 & 2.292 & 2.693 & 3.159 & 3.760 & 4.328 & 5.054 & 5.895 \\ \hline 18 & 1.196 & 1.428 & 1.702 & 2.026 & 2.407 & 2.854 & 3.380 & 3.996 & 4.717 & 5.560 & 6.544 \\ \hline 19 & 1.208 & 1.457 & 1.754 & 2.107 & 2.527 & 3.026 & 3.617 & 4.316 & 5.142 & 6.116 & 7.263 \\ \hline 20 & 1.220 & 1.486 & 1.806 & 2.191 & 2.653 & 3.287 & 3.870 & 4.661 & 5.604 & 6.727 & 8.062 \\ \hline 25 & 1.282 & 1.641 & 2.094 & 2.666 & 3.386 & 4.292 & 5,427 & 6.848 & 8.623 & 10.835 & 13.585 \\ \hline 30 & 1.348 & 1.811 & 2.427 & 3.243 & 4.322 & 5.743 & 7.612 & 10.063 & 13.268 & 17.449 & 22.892 \\ \hline 48 & 1.489 & 2.208 & 3.262 & 4.801 & 7.040 & 10.286 & 14.974 & 21.725 & 31.409 & 45.259 & 65.001 \\ \hline 50 & 1.645 & 2.692 & 4.384 & 7.107 & 11.467 & 18.420 & 29.457 & 46.902 & 74.358 & 117.390 & 184.570 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Period & 12 & 13% & 14% & 15s & 16V & 178 & 18x & 190 & 200 & 2! \\ \hline 1 & 1.128 & 1.130 & 1.140 & 1.150 & 1.160 & 1.170 & 1.180 & 1.198 & 1.200 & \\ \hline 2 & 1.254 & 1.277 & 1.300 & 1.323 & 1.346 & 1.369 & 1.392 & 1.416 & 1.440 & \\ \hline 3 & 1.485 & 1.443 & 1.482 & 1.521 & 1.561 & 1.602 & 1.643 & 1.685 & 1.728 & \\ \hline 4 & 1.574 & 1.630 & 1.689 & 1.749 & 1.811 & 1.874 & 1.939 & 2.005 & 2.074 & \\ \hline \end{tabular}