Suppose you currently spend $9700 per year on medical care. The index value for the medical...

 

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Suppose you currently spend $9700 per year on medical care. The index value for the medical care component of the CPI is currently 447 but is expected to increase next year to 489. How much money will you need next year to be able to purchase the same amount of medical care? Provide your answer in dollars rounded to two decimal places. Do not include any symbols, such as "$," "=," "%," or "," in your answer. Suppose you currently spend $9700 per year on medical care. The index value for the medical care component of the CPI is currently 447 but is expected to increase next year to 489. How much money will you need next year to be able to purchase the same amount of medical care? Provide your answer in dollars rounded to two decimal places. Do not include any symbols, such as "$," "=," "%," or "," in your answer.

Answer rating: 100% (QA)

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