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6 Nov 2018
Suppose that a young couple has just had their first baby and they wish to ensure that enough money will be available to pay for theirâ child's college education. â Currently, collegeâ tuition, books,â fees, and other costs average
$ 12 comma 400$12,400
per year. Onâ average, tuition and other costs have historically increased at a rate of
55â%
per year.ââAssuming that college costs continue to increase an average of
55â%
per year and that all her college savings are invested in an account paying
99â%
âinterest, then the amount of money she will need to have available at age 18 to pay for all four years of her undergraduate education is closestâ to:
Suppose that a young couple has just had their first baby and they wish to ensure that enough money will be available to pay for theirâ child's college education. â Currently, collegeâ tuition, books,â fees, and other costs average
$ 12 comma 400$12,400
per year. Onâ average, tuition and other costs have historically increased at a rate of
55â%
per year.ââAssuming that college costs continue to increase an average of
55â%
per year and that all her college savings are invested in an account paying
99â%
âinterest, then the amount of money she will need to have available at age 18 to pay for all four years of her undergraduate education is closestâ to:
Deanna HettingerLv2
7 Nov 2018
