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In 1989, a Four-Year College Degree Would Set You Back

Question 5

Multiple Choice

In 1989, a four-year college degree would set you back $26,902. The consumer price index was 123.94 in January 1989. If the current consumer price index is 251.1, what is the cost of the four-year degree in current dollars?


A) $13,278.51
B) $26,902
C) $41,224.41
D) $54,502.92

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