value 100 points Refer to the \"In the News\" below: In the News: College Tuitio
ID: 2619698 • Letter: V
Question
value 100 points Refer to the "In the News" below: In the News: College Tuition Up Again College gets more expensive - again. Tuition at public four-year colleges rose 2.9 percent this year average of $8,893 per year. Out-of-state students pay an average of $22,203 to attend. Private four-year colleges also saw tuition increases of 2.9 percent - to an average of $30,094. Thes tuition hikes come on the heels of a 4.5 percent jump in 2012-13 and 8.5 percent in 2011-12. Tuition have been outpacing general inflation rates for many years Source: The Colege Board If tuition keeps increasing at the same rate as in 2013-2014, what will be the total cost df completing a degree at a private college over the next four years? Instructions: Enter your responses rounded to two decimal placesExplanation / Answer
Average Cost per year in Private colleges in 2013-2014= 30094x102.9%=30966.72
Average Cost per year in Private colleges in 2014-2015= 30966.72x102.9%=31864.76
Average Cost per year in Private colleges in 2015-2016= 31864.76x102.9%=32788.84
Average Cost per year in Private colleges in 2016-2017= 32788.84x102.9%=33739.72
Total Cost for the next four years= 129360.04
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