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In 2012, per capita spending on health care in the United States was about $9,800. If this amount increased by 5 percent a year, what

In 2012, per capita spending on health care in the United States was about $9,800. If this amount increased by 5 percent a year, what would be the amount of per capita spending for health care in 8 years? (Round the discount factor to 3 decimals and final answer to 2 decimals places)

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