ceLab Homework

Question $1,$ Problem $6-4($algorithmic$)$

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Part $1$ of $3$

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Pulau Penang, Malaysia. Theresa Nunn is planning a $30-$day vacation on Pulau Penang, Malaysia, one year from now. The present charge for a luxury suite plus meals in Malaysian ringgit $($RM$)$ is RM$1,042/$day$.$ The Malaysian ringgit presently trades at RM$3\mathrm{.}1350=$$$1\mathrm{.}00.$ She determines that the dollar cost today for a $30-$day stay would be $$9,971\mathrm{.}29.$ The hotel informs her that any increase in its room charges will be limited to any increase in the Malaysian cost of living. Malaysian inflation is expected to be $2\mathrm{.}7603$ per annum, while U$.$S$.$ inflation is expected to be $1\mathrm{.}282\%.$

a$.$ How many dollars might Theresa expect to need one year hence to pay for her $30-$day vacation?

b$.$ By what percent will the dollar cost have gone up$?$ Why?

a$.$ How many dollars might Theresa expect to need one year hence to pay for her $30-$day vacation?

The amount Theresa might expect to need one year hence to pay for her $30-$day vacation is $9($Round to the nearest cent.$)$

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