Investing Tuition Payments Sand Ridge School is requiring
Chapter 11, Problem 11.1.102(choose chapter or problem)
Investing Tuition Payments Sand Ridge School is requiring parents to pay half of the yearly tuition at the time of registration and half on the date classes begin. Registration is held 5 months prior to the beginning of school, and administrators expect 470 students to register. If annual tuition is $4500 and if the money paid at the time of registration is placed in an account paying 5.4% simple interest, how much interest will Sand Ridge School earn by the time school begins?
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