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College Tuition Fund Present and Future value As soon as you were born, your grandparents started investing for 1 8 years in a college fund

College Tuition Fund Present and Future value As soon as you were born, your
grandparents started investing for 18 years in a college fund according to the model F(t)
=1500, at an annual interest rate of 5%. Assume college tuition is the same for four
years. In 2023, the tuition cost of attending San Diego State University for 1 year living
with parents is $24,928, in-state living on campus is $34,072 and in-state living off
campus $31,448.
a. Will the fund have grown enough to allow you to cover 1 year of tuition at San Diego
State University (future value)? Under which living choice(s)?(source: San Diego State
University).
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