The college tuition fee for the year 2008 was $3200. What would the tuition fee be for the year 2018 if the tuition fee increased with the inflation rate during this period?

Round monetary values to two decimal places and all other values to one decimal place, unless otherwise indicated. Use the CPI from year 2002 to 2018 provided in Table 4.4

(b) for Problems 5 to 22.AppendixLO1