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Tuition costs at various colleges vary from $20,000 to $40,000 annually. These tultions are expected to increase over time. If the annual rate of increase
Tuition costs at various colleges vary from $20,000 to $40,000 annually. These tultions are expected to increase over time. If the annual rate of increase is 4 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 4 percent is $ 30,784 03 5 61,568 If the rate doubles from 4 to 8 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 8 percent is $ 31,368 C 63,936
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