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If one year of college currently costs $20,000, how much will one year cost in 18 years for a newborn son assuming an inflation rate

If one year of college currently costs $20,000, how much will one year cost in 18 years for a newborn son assuming an inflation rate of 4%? Use appendix A-1

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Appendix A-1 n 1% 2% 3% 4% 1 1.0400 1.0100 1.0201 1.0200 1.0404 1.0300 1.0609 N 2 1.0816 3 1.0303 1.0612 1.0927 1.1249 4 1.0406 1.0824 1.1255 1.1699 5 1.0510 1.1041 1.1593 1.2167 6 1.0615 1.1262 1.1941 1.2653 7 1.0721 1.1487 1.2299 1.3159 8 1.0829 1.1717 1.2668 1.3686 9 1.0937 1.1951 1.3048 1.4233 10 1.1046 1.2190 1.3439 1.4802 11 1.1157 1.2434 1.3842 1.5395 12 1.1268 1.2682 1.4258 1.6010 13 1.1381 1.2936 1.4685 1.6651 14 1.1495 1.3195 1.5126 1.7317 15 1.1610 1.3459 1.8009 1.5580 1.6047 16 1.1726 1.3728 1.8730 17 1.1843 1.4002 1.6528 1.9479 18 1.1961 1.4282 1.7024 2.0258

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