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please slovw this again Malaysian island Resort. Theresa Nunn is planning a 30-day vacation on Pulau Penang, Malaysia, one yoar from now. The present charge
please slovw this again
Malaysian island Resort. Theresa Nunn is planning a 30-day vacation on Pulau Penang, Malaysia, one yoar from now. The present charge for a luxtury suite plus meals in Malaysian ringgit (RM) is RM1,049/day. Tho Malaysian ringgit presontly trades at RM3. 1350/5. She determines that the dollar cost today for a 30-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 expocted to be 2.7884% annum, while US. inflation is expected to be 1.213% a. How many dollars might Theresa expect to need one year hence to pay for her 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 3 (Round to the nearest cent) Step by Step Solution
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