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The cost of in state college tuition is currently at $22,500 per year, and is rising at a rate of 4% each year. How much would college tuition be in five years? Round to the nearest cent
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The cost of in state college tuition is currently at $22,500 per year, and is rising at a rate of 4% each year. How much would college tuition be in five years? Round to the nearest cent

User Tudor
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8.4k points

1 Answer

3 votes

Answer:

$27,374.69

Explanation:

A = 22500(1+.04)^1(5)

A= 27374.690304

User Matt Sich
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7.5k points
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