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the 6%for 3 years is 1.191 A family spends $50,000 a year for living expenses. If prices increase by 6 percent a year for the
the 6%for 3 years is 1.191
A family spends $50,000 a year for living expenses. If prices increase by 6 percent a year for the next three years, what amount will the family need for their living expenses after three years? Use Exhibit 1-A, (Round time value factor to 3 decimal places and final answer to the nearest whole number.) Future living expensesStep by Step Solution
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