Problem 11-1 Calculating the Effect of Inflation on Health Care Costs [LO11-1] If per capita spending for health care was about $5,000 and if this amount increased by 4 percent a year, what would be the amount of per capita spending for health care in 9 years? Use (Exhibit 1.A. Exhibil 1.B. Exhibit 1.C, Exhibit 1.D) Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to the nearest whole number. Exhibit 1-A Future Value (Compounded Sum) of \$1 after a Given Number of Time Periods Exhibit 1-B Future Value (Compounded Sum) of \$1 Paid In at the End of Each Period for a Given Number of Time Penods (an Anitility) Exhibit 1-C Present Value of $1 to Be Received at the End of a Given Number of Time Periods \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Period & 131 & 141 & 151 & 161 & 171 & 181 & 191 & 201 & 251 & 101 & 351 & 401 & 501 \\ \hline 1 & 0.885 & 0.877 & 0.870 & 0.862 & 0.855 & 0.847 & 0.840 & 0.833 & 0.800 & 0.769 & 0.741 & 0.714 & 0.667 \\ \hline 2 & 0.783 & 0.769 & 0.756 & 0.741 & 0.731 & 0.718 & 0.706 & 0.694 & 0.640 & 0.592 & 0.549 & 0.510 & 0.444 \\ \hline 3 & 0.693 & 0.675 & 0.658 & 0.641 & 0.624 & 0.609 & 0.593 & 0.579 & 0.512 & 0.455 & 0.406 & 0.364 & 0.296 \\ \hline 4 & 0.613 & 0.592 & 0.572 & 0.552 & 0.534 & 0.516 & 0.499 & 0.482 & 0.410 & 0.350 & 0.301 & 0.260 & 0.198 \\ \hline 5 & 0.543 & 0.519 & 0.497 & 0.476 & 0.456 & 0.437 & 0.419 & 0.402 & 0.328 & 0.269 & 0.223 & 0.186 & 0.132 \\ \hline 6 & 0.480 & 0.456 & 0.432 & 0.410 & 0.390 & 0.370 & 0.352 & 0.335 & 0.262 & 0.207 & 0.165 & 0.133 & 0.088 \\ \hline 7 & 0.425 & 0.400 & 0.376 & 0.354 & 0.333 & 0.314 & 0.296 & 0.279 & 0.210 & 0.159 & 0.122 & 0.095 & 0.059 \\ \hline 1 & 0.376 & 0.351 & 0.327 & 0.305 & 0.285 & 0.266 & 0.249 & 0.233 & 0.168 & 0.123 & 0.091 & 0.068 & 0.039 \\ \hline 9 & 0.333 & 0.308 & 0.284 & 0.263 & 0.243 & 0.225 & 0.209 & 0.194 & 0.134 & 0.094 & 0.067 & 0.048 & 0.026 \\ \hline 10 & 0.295 & 0.270 & 0.247 & 0.227 & 0.208 & 0.191 & 0.176 & 0.162 & 0.107 & 0.073 & 0.050 & 0.035 & 0.017 \\ \hline 11 & 0.261 & 0.237 & 0.215 & 0.195 & 0.178 & 0.162 & 0.148 & 0.135 & 0.086 & 0.056 & 0.037 & 0.025 & 0.012 \\ \hline 12 & 0.231 & 0.208 & 0.187 & 0.168 & 0.152 & 0.137 & 0.124 & 0.112 & 0.069 & 0.043 & 0.027 & 0.018 & 0.008 \\ \hline 13 & 0.204 & 0.182 & 0.163 & 0.145 & 0.130 & 0.116 & 0.104 & 0.093 & 0.055 & 0.033 & 0.020 & 0.013 & 0.005 \\ \hline 14 & 0.181 & 0.160 & 0.141 & 0.125 & 0.111 & 0.099 & 0.088 & 0.078 & 0.044 & 0.025 & 0.015 & 0.009 & 0.003 \\ \hline 15 & 0.160 & 0.140 & 0.123 & 0.108 & 0.095 & 0.084 & 0.074 & 0.065 & 0.035 & 0.020 & 0.011 & 0.006 & 0.002 \\ \hline 16 & 0.141 & 0.123 & 0.107 & 0.093 & 0.081 & 0.071 & 0.062 & 0.054 & 0.028 & 0.015 & 0.008 & 0.005 & 0.002 \\ \hline \end{tabular} Exhibit 1-1) Present Value of \$1 Received at the End of Each Period for a Given Number of Ttme Pertous (am Ammay)
