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Question 2 10 pts A family spends $53,000 a year on living expenses. If prices increase 2 percent a year for the next four years,

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Question 2 10 pts A family spends $53,000 a year on living expenses. If prices increase 2 percent a year for the next four years, what amount will the family need for their annual living expenses after four years. Only use the FV factor values obtained in Exhibit 1-A to calculate this solution. (Round your FV factor to whole dollar with no decimals and no $)

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