You are planning a 30-day vacation in Malaysia in one year's time. The present charge for...

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You are planning a 30-day vacation in Malaysia in one year's time. The present charge for a luxury suite plus meals is RM760.00 per day and the RM is presently trading at RM 3.8000/$. Hence the $ cost for a 30-day stay would be $6,000. The hotel has informed you that any increase on room charge will be limited to adjustment for cost of living increases. Malaysian Inflation is expected at 4% per annum, while for the USA the rate is 1%. a) b) How much do you expect the vacation to cost you in dollars in a year's time? Explain the percentage increase in $ cost of the vacation. You are planning a 30-day vacation in Malaysia in one year's time. The present charge for a luxury suite plus meals is RM760.00 per day and the RM is presently trading at RM 3.8000/$. Hence the $ cost for a 30-day stay would be $6,000. The hotel has informed you that any increase on room charge will be limited to adjustment for cost of living increases. Malaysian Inflation is expected at 4% per annum, while for the USA the rate is 1%. a) b) How much do you expect the vacation to cost you in dollars in a year's time? Explain the percentage increase in $ cost of the vacation.

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a To calculate the expected cost of the vacation in dollars in a years time we need to consider the ... View the full answer