Questions 9-10. Use the CPI table below to answer the questions. Annual CPI values 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 184.00 188.9 195.3 201.6 207.342 215.303 214.537 218.056 224.939 229.594 232.957 Ivy Tech Tuition was $88.15 per credit hour in 2006. Use the CPI values to determine what the school would be charging in 2013 if they only increased tuition based on inflation. (round to the nearest cent)

Questions 9-10. Use the CPI table below to answer the questions. Annual CPI values 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 184.00 188.9 195.3 201.6 207.342 215.303 214.537 218.056 224.939 229.594 232.957 Ivy Tech Tuition was $88.15 per credit hour in 2006. Use the CPI values to determine what the school would be charging in 2013 if they only increased tuition based on inflation. (round to the nearest cent)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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