Problem

Health Economics The average company cost per hour of an employee’s health insurance in ye...

Health Economics The average company cost per hour of an employee’s health insurance in year x is approximated by where x= 0 corresponds to the year 2000. (Data from: U.S. Bureau of Labor Statistics.)

Assuming that this model remains accurate and that an employee works 2100 hours per year, what is the annual company cost of her health care insurance in 2015?

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