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

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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) About Me  (Show Source):
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Future value at 2023-2024 academic year, 6 years after 2017-2018 academic year, will be


    25500%2A%281%2B0.03%2F4%29%5E%284%2A6%29 = 30508.54 dollars.    ANSWER