Mackenzie lives in Morristown, where the cost of living increases by 3% every year. If
Mackenzie spends $22,880 this year, how much can she expect to spend 3 years from
maintain the same standard of living?
If necessary, round your answer to the nearest cent.

Respuesta :

Answer:

25001.59

Step-by-step explanation:

Year 1

22880X.03 = 686.4

22880 + 686.40 = 23566.40

Year 2

23566.40X.03 = 706.99

706.99 + 23566.40 = 24273.39

Year 3

24273.39X.03 = 728.20

24273.39+728.20 = 25001.59

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