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Posted on Oct 04, 2024

10. Problem 7-10 eBook Problem 7-10 Tuition costs at various colleges vary from $20,000 to $40,000 annually. These tons are expected to increase over time.

10. Problem 7-10 eBook Problem 7-10 Tuition costs at various colleges vary from $20,000 to $40,000 annually. These tons are expected to increase over time. If the annual rate of increase is 1 percent, what will be the new range in tuition costs in twelve years? Un Appendix A to anumer the questions. Round your answers to the nearest dolla The range at percentis If the rate doubles from 3 to 6 percent, what will be the range in tuition costs after twelve years Us Appendi A to answer the questions. Round your answer to the nearest doar The range at 6 percentis -5 Interest Factors for the Future Value of One Dollar Time Period TS year) 2% 3% 5% 6% 7% 1 1.010 1020 1030 1.040 1.050 1060 1.070 2 1.020 1040 1.061 1.082 1.102 1.124 1.145 3 1030 1061 1.093 1125 1.158 1.191 1.225 4 1.041 1.082 1.126 1.170 1.216 1.262 1.311 5 1051 1.104 1.159 1.217 1.276 1338 1403 1.080 1.166 1.260 1360 1.469 9% 1.090 1.188 1.295 1.412 1.539 10% 1.100 1.120 1.210 1.254 1.331 1405 1.464 1.574 1.611 1762 14% 1.140 1.300 1.482 1.689 1.925 15% 1.150 1.322 1.521 1.749 2011 16% 1.160 1.346 1.561 1.811 2.100 18% 1.180 1392 1.643 1.939 2.288 20% 1.200 1.440 1.728 2.074 2.488 6 7 B 9 10 1.062 1.126 1.194 1.265 1.340 1.4191501 1587 1.677 1.072 1.149 1.230 1316 1.407 1504 1606 1714 1.828 1 083 1172 1.267 1.369 1.477 1594 1718 1.851 1993 1.094 1195 1.305 1.422 1.551 1689 1838 1.999 2.172 1.105 1219 1.344 1480 1.629 1791 1967 2.159 2.367 1.772 1974 1.949 2.211 2.144 2.476 2.358 2.773 2.594 3.106 2.195 2.502 2.853 3.252 3.707 2.313 2,660 3.059 3518 4.046 2.436 2.826 3.278 3803 2.700 3.186 3.759 4.436 5.234 2.986 3.583 4.300 5.160 6.192 11 12 13 14 15 1.116 1.243 1.384 1539 1.710 1.898 2105 1.127 1268 1426 1601 1.796 2012 2.252 1.138 1.294 1469 1665 1.886 2.133 2.410 1.149 1.319 1513 1732 1.980 2.261 2.579 1.161 1345 1558 18012079 2.397 2.759 2.332 2580 2.518 2.813 2.720 3.066 2937 3.342 3.172 3.642 2.853 3.138 3.452 3.797 4.172 3.479 3.896 4.363 4.887 5.474 4.226 4 BIB 5.492 6.261 7.138 4.652 5.350 6.153 7.076 8.137 5.117 5.936 6.886 7.988 9.266 6.176 7287 8.599 10.147 11.973 7430 8.916 10.699 12.839 15.407 16 17 18 19 20 1.123 1373 1.605 1873 2.183 2540 2.952 3.426 3.970 4.505 6.130 8.137 9.358 10.74 14.129 18.488 1184 1.400 1.653 1948 2.292 2.693 3.159 3.700 4.28 5.054 6,866 9.276 10.761 12.468 16,672 22.186 1.196 1428 1702 2.026 2407 2854 3380 3.996 4.712 5.560 7.690 10.575 12.375 14.463 19.673 26.623 1.208 1457 1754 2.107 2.527 30263617 4316 5.142 6.116 8.613 12.056 14.232 16.777 23214 31.948 1.220 1186 1806 2101 2,653 3.2073.870 4.661 5.604 6.72 9.646 13.743 16,367 19.461 27.393 38.337 1.282 16412094 2666 3.38612925.427 6.848 8.623 10 835 17000 26.462 32.91940.874 62 688 95 396 1.348 1811 2427 3.243 4322 5.743 7612 10.063 13.268 17449 29.960 50 950 66.212 85.850 143370 237370 25 30