3. The tuition at the University rose at an average annual rate of 7.5% from 1974-2022. If the cost continues to rise at that rate, what will four years at university cost beginning 20 years from now?

3. The tuition at the University rose at an average annual rate of 7.5% from 1974-2022. If the cost continues to rise at that rate, what will four years at university cost beginning 20 years from now?

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.3P

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3. The tuition at the University rose at an average annual rate of 7.5% from 1974-2022. If the cost continues to rise at that rate,
what will four years at university cost beginning 20 years from now?

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