Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Exercise 67

A report by the National Center for Public Policy and Higher Education stated that tuition and fees (T F) at public colleges and universities increased by 439% over the last 25 years. During this same time period, the median family income (MFI) rose 147%. When the report was written, T F at a 4 year public university constituted 28% of the MFI of $52,000 (tuition and fees at a private university constituted 76% of MFI).
a) What was the tuition and fee cost per year when the report was written
b) What was the T F cost 25 years ago
c) What percentage was T F of the MFI 25 years ago