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Question 21 (5 points) Tuition at Balamb University, a 4-year college, is currently $15,000 per year. The current inflation rate for tuition is 5% per

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Question 21 (5 points) Tuition at Balamb University, a 4-year college, is currently $15,000 per year. The current inflation rate for tuition is 5% per year. Levi has a 10-year-old daughter who will attend Balamb University at age 18, His annual return on investment is 7%. What is the estimated total future costs (tuitions for 4 years)? 1) $65,783 2) $83,115 3) $88,647 4) $74,920

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