SOLUTION: Suppose attending a certain university costs 25,500 dollars in the 2017−2018 academic year. This price includes tuition, accommodation, books andother expenses. Assuming an effec

Question 1136868: Suppose attending a certain university costs 25,500 dollars in the 2017−2018 academic year. This price includes tuition, accommodation, books andother expenses. Assuming an effective 3 percent inflation rate, compoundedquarterly for these costs, determine what the university costs will be in the2023−2024 academic yea
Answer by ikleyn(52786) (Show Source): You can put this solution on YOUR website!
.

Future value at 2023-2024 academic year, 6 years after 2017-2018 academic year, will be


     = 30508.54 dollars.    ANSWER

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