Simone spent an average of $500 each month on groceries last year for herself and...

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Simone spent an average of $500 each month on groceries last year for herself and her family. She is now forecasting the family budget for next year. She read that an inflation rate of 5% is expected. How much should Simone budget for the monthly grocery expense next year? A) $500 B) $475 C) $525 B D) $750

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