College Costs Keep Rising The price of attending college has gone up again. According to the nonprofit College Board, in-state tuition at four-year public colleges rose to $10,560 this year, up another $120 from last year. Tuition at private colleges is up to nearly $38,000 a year, a hike of 2.1 percent. Over the last 10 years, college tuition has increased by 4.5 percent a year, while average consumer prices have risen by only 1.3 percent a year. These tuition hikes are making college attendance increasingly expensive and difficult for many families. Source: The College Board, October 26, 2020, www.collegeboard.org. According to the News Wire, during the past 10 years, by what percentage did Instructions: Round your responses to one decimal place. a. the nominal price of college tuition increase per year? % b. the real price of college tuition increase per year? % Using the table, what will the rea/value of $100 be in 8 years if you hide the money under your mattress and the inflation rate is Instructions: Round your responses to two decimal places. Assume you hid the money under your mattress in 2022. a. 2%. $ b. 6%. $ c. 10%. $