Problem $3-8$ Calculating the Effect of Inflation $[$LO$3-3]$

Bill and Sally Kaplan have an annual spending plan that amounts to $$101,000.$ If inflation is $5$ percent a year for the next three years, what amount will the Kaplans need for their living expenses three years from now? $($Exhibit $1-$A$,$ Exhibit $1-$B$,$ Exhibit $T-C,$ Exhibit $1-$D$)$ Note: Use appropriate factor$($s$)$ from the tables provided. Round time value factor to $3$ decimal places and final answer to $2$ decimal places.

Answer is complete but not entirely correct.

$\backslash$table$[[$Living expenses,$$,116,657\mathrm{.}00$

table number for this is $1\mathrm{.}158$