Essay
If college tuition and fees increase at an annual rate of 7% per year,and your little sister is currently starting her freshman year in high school,what is the expected cost of her first year of college in four years if tuition and fees are currently $6,850 per year? How much for the start of her senior year of college starting three years after that?
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FV = PV × (1 + r)n = $6,850 × (...View Answer
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