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Solve the problem.Nursing home costs.   The average cost of a 1-year stay in a nursing hom...

Solve the problem.

Nursing home costs.   The average cost of a 1-year stay in a nursing home in 2007 was $75,190 (www.medicare.gov). In n years from 2007 the average cost will be 75,190(1.05)n dollars. Find the projected cost for a 1-year stay in 2020.

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