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Please help me with this. Show me the formula too. Thanks David is a junior in high school with a 4.0 GPA and a bright
Please help me with this. Show me the formula too. Thanks
David is a junior in high school with a 4.0 GPA and a bright future. David's parents want him to attend NYU University. They ask you to set up an expense worksheet for a four-year stay at NYU. Use the following table to create the spreadsheet: 1st year 1st year 1* Year 1st Year 1st Year 1ST Year 1st Year 1st Year Tuition Fees Room Board Personal Contribution Scholarships Student Expenses Loan $15,500 $800 $500.00 $700.00 $1,000.00 $3,500 $12,500 $5,700 Use formulas to calculate the amount that David's parents will need to contribute for each of the next four years. Begin by determining the costs per year, and then use formulas to adjust the expenses and payment sources for David's. Tuition, fees, room board, and personal expenses: 5% annual increase David's contribution: 15% annual increase Scholarships: No change ($12,500 each year) Student loans: 10% annual increaseStep by Step Solution
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