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A college education costs approximately $75,000 at an Ivy League school. If inflation averages 8% per year, how much will the education cost in 15

A college education costs approximately $75,000 at an Ivy League school. If inflation averages 8% per year, how much will the education cost in 15 years?

a. $162,912.68

b. $237,912.68

c. $312,912.68

d. $2,036,408

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