Scarlett is trying to decide if she should attend college or not. Part of her decision will be ba...
- Scarlett is trying to decide if she should attend college or not. Part of her decision will be based on the return on investment of college. She estimates that the per year cost to attend a local university in Texas including room and board is $26,346. She also assumes the costs of attendance will rise by 2.8% per year. How much is a 4-year degree going to cost Scarlett?
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Homework Answers
First year cost = $ 26,346
Second year cost = $ 26,346 (1+2.8%) = $ 27,083.69
Second year cost = $ 26,346 (1+2.8%)^2 = $ 27,842.03
Second year cost = $ 26,346 (1+2.8%)^3 = $ 28,621.61
Total 4 year degree cost to Scarlett = $ 26,346 + $ 27,083.69 + $ 27,842.03 + $ 28,621.61 = $ 109,893.33
Add Answer to:
Scarlett is trying to decide if she should attend college or not. Part of her decision will be ba...
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Please show all work. Thank you I greatly appreciate your help! 4 Lexy Halliday graduated four...
Please show all work. Thank you I greatly appreciate your
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please show work
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