Time value of money-capital spending for health care

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As of 2015, per capita spending on health care in the United States was about $9000. If this amount increased by 7 percent a year, what would be the amount per capital spending for health care in 5 years?

Use the appropriate Time Value of Money table [Exhibit 1-A,  Exhibit 1-B,  Exhibit 1-C, OR Exhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

Reference no: EM131607899

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