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0 Required information For many years, college costs (including tuition, fees, and room and board) increases have been higher than the inflation rate, averaging 5%

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0 Required information For many years, college costs (including tuition, fees, and room and board) increases have been higher than the inflation rate, averaging 5% to 8% per year. According to the College Board's Trends in College Pricing, the average total costs at present in dollars is $20,500 for students attending in-state four-year public colleges and universities and $43,750 for students at four-year private colleges and universities. Assume an additional $4,200 per year for textbooks, supplies, transportation, and other expenses. what is the estimated total cost for the second year at a university if textbooks, supplies, etc. also increase at 7% per year? Assume the student's freshman year is 3 years from now. The estimated total cost for the second year at a university is $

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