You Have an Absolutely Brilliant Child Who Is Six Years

Multiple Choice

You have an absolutely brilliant child who is six years old and will be attending a private college in twelve years. You know that a four -year college now costs at least $30,000 per year, including tuition, books, and room and board. The cost of sending a child to college has increased by 7 percent per year, and you believe this will be true for the next twelve years. How much will the annual tuition be when your child is eighteen?

A) $67,565.75
B) $66,320.44
C) $60,365.89
D) $45,000.00