Rising cost of college. Like the cost of most things, the cost of a college education
Chapter 1, Problem 45(choose chapter or problem)
Rising cost of college. Like the cost of most things, the cost of a college education has gone up over the past 35 years. The graphs below display the yearly costs of 4-year colleges in 2008 dollarsindicating that the costs prior to 2008 have been adjusted for inflation. a) In what school year did the cost of a private 4-year college increase the most? b) In what school year(s) did the cost of a public 4-year college increase the most? c) Assuming an annual inflation rate of 3%, calculate the cost of a year at a public and at a private 4-year college in 1975. Express the costs in 1975 dollars.
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