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?2016 CPI is not given. According to the College Board, the real cost of annual in-state tuition and fees at four- year public colleges has
?2016 CPI is not given.
According to the College Board, the real cost of annual in-state tuition and fees at four- year public colleges has gone from $2, 810 in 2000 (in 2015 dollars) to $9, 410 in 2015. The CPI for year 2000 is 177.2 The CPI for year 2015 is 237.0 His daughter will start college in September 2026. Mark, wants to set up a fund that will cover the average cost of tuition in a public college for the four years in which Anna will be in college (2026-2029). He plans to make equal quarterly deposits in an account with a nominal interest of 5.8% compounded monthly. His first deposit will be in November 2016 How much money Mark needs to deposit every quarterStep by Step Solution
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