Tuition in 1988 was $5,000 a year. Today in 2018 it is $28,717.46. A) What...

60.1K

Verified Solution

Question

Finance

Tuition in 1988 was $5,000 a year. Today in 2018 it is $28,717.46.

A) What has been the annual growth rate in tuition?

B) Assuming this rate of growth continues, what will the tuition be in 2020?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students