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Malaysian Island Resort. Theresa Nunn is planning a 30-day vacabion on Pulau Penang. Malaysia, one year from now. The present charge for a luxury sulfe

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Malaysian Island Resort. Theresa Nunn is planning a 30-day vacabion on Pulau Penang. Malaysia, one year from now. The present charge for a luxury sulfe pius meals in Malaysian ringgit (RM) is RM1,046/day. The Malaysian ringgit presentiy trades at RM3.1350.5. She determines that the dollar cost today for a 30 day stay would be $10,009.57. The hotel informs her that any increase in its room charges will be limited to any increase in the Malaysian cost of living Malaytan inflasion is expected to be 2.7700% annum, while US inflation is expected to be 1.288%. a. How many dollars might Theresa expect to need one year hence to pay for het 30-day vacation? b. By what percent will the dollar cost have gone up? Why? a. How many dollars might Theresa expect to need one year hence to pay for her 30 -day vacation? The amount Theresa might expect to need one year hence to pay for her 30 -day vacation is: (Rouifd to the neacest cent.)

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