Health The average company cost per hour of an employee’s health insurance in year x is ap...

Health 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 1998.†

(a) What was the hourly health insurance cost in 2004?

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(b) Assuming that this model remains accurate and that an employee works 2100 hours per year, what is the annual company cost of her health insurance in 2008? Will annual costs reach $4200 by 2011?

†Based on data from the U.S. Department of Labor.