Ask Question
2 May, 11:59

Bill and sally kaplan have an annual spending plan that amounts to $104,000. if inflation is 4 percent a year for the next three years, what amount will the kaplans need for their living expenses three years from now?

+2
Answers (1)
  1. 2 May, 12:04
    0
    To get their need for living expenses per year just multiply each year with 1.04

    first year: $104,000

    second year: $10400 (1.04) = $108160

    third year: $108160 (1.04) = $112486

    fourth year: $112486 (1.04) = $116987
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Bill and sally kaplan have an annual spending plan that amounts to $104,000. if inflation is 4 percent a year for the next three years, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers