In the Using the Theory section, we calculated the present value of the costs of attending a

Question:

In the Using the Theory section, we calculated the present value of the costs of attending a private college, with no financial aid.
a. Using Table, what would have been the present value of the cost of college if we had done the analysis for a four-year public institution, with no financial aid?
b. What is the percentage difference between the present value of costs at a private versus a public institution?
c. Private college tuition is about four times higher than public college tuition. Explain briefly why the (present value) cost figures do not differ thiswidely.