Malaysian Island Resort. Theresa Nunn is planning a30-day vacation on PulauPenang, Malaysia, one year from now. The present charge for a luxury suite plus meals in Malaysian ringgit(RM) is RM1,049/day. The Malaysian ringgit presently trades at RM3.1350/$. She determines that the dollar cost today for a30-day stay would be $10,038.28. The hotel informs her that any increase in its room charges will be limited to any increase in the Malaysian cost of living. Malaysian inflation is expected to be 2.7228% annum, while U.S. inflation is expected to be 1.24%.

a. How many dollars might Theresa expect to need one year hence to pay for her30-day vacation?

b. By what percent will the dollar cost have goneup? Why?

a. How many dollars might Theresa expect to need one year hence to pay for her30-day vacation?

The amount Theresa might expect to need one year hence to pay for her30-day vacation is $

nothing

. (Round to the nearestcent.)