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Tuition costs at various colleges vary from $ 1 5 , 0 0 0 to $ 3 0 , 0 0 0 annually. These tuitions

Tuition costs at various colleges vary from $15,000 to $30,000 annually. These tuitions are expected to increase over time. If the annual rate of increase is 2 percent, what will be the new range in tuition costs in ten years? Use Appendix A to answer the questions. Round your answers to the nearest dollar.
The range at 2 percent is $
- $
.
If the rate doubles from 2 to 4 percent, what will be the range in tuition costs after ten years? Use Appendix A to answer the questions. Round your answers to the nearest dollar.
The range at 4 percent is $
- $
.

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