Question: Can you help with the following? 18. Calculating the Effect of Inflation. Bill and Sally Kaplan have an annual spending plan that amounts to $36,000.

Can you help with the following?

18. Calculating the Effect of Inflation. Bill and Sally Kaplan have an annual spending plan that amounts to $36,000. If inflation is 5 percent a year for the next three years, what amount would the Kaplans need for their living expenses?

The number of years would be for three years. So the question is asking what the inflation amount will be for next 3 years.

Thanks

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