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Tina spent an average of $500 each month on groceries last year for herself and her family. She is now forecasting the family budget for

Tina spent an average of $500 each month on groceries last year for herself and her family. She is now forecasting the family budget for next year. She read that an inflation rate of 6.0% is expected. How much should Tina budget for the monthly grocery expense next year?

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