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Mathematics, 20.02.2020 05:22 daiscott2306

Bill and Sally Kaplan have an annual spending plan that amounts to $39,500. If inflation is 3 percent a year for the next three years, what amount will the Kaplans need for their living expenses three years from now? Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)

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