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hd the canetton is 23.500 per year and speed to cre s on parentis 5 years from day on ate or per your new the nearest of In t
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Answer #1

The clarity of the question uploaded is not clear. Please check if the interest rate taken by me, 6%, is correct :

Answer

Current tuition fee

23,500

Increase

6%

Payment to be made in the first year (2 years from now)

26,405

23,500*1.06^2

Payment to be made in the fourth year (5 years from now)

31,448

23,500*1.06^5

Answer is Option A

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