Tony’s class needs more than $500 for the school dance. So far, they have raised $200. They plan to have a car wash, charging $8
2 answers:
You might be interested in
Answer:
$229673.215
Step-by-step explanation:
Given : The price of attending Big Benefits University is $42,000 a year, including tuition, fees, books, and foregone earnings
To Find : what is the marginal cost of attending, if it takes you 5 years to graduate, and you assume a 3% annual inflation rate?
Solution:
Principal = $42000
Time = 5 years
Rate = 3% = 0.03
Formula :
So , Marginal cost = 43260+44557.8+45894.534+47271.370+48689.511
Marginal cost = $229673.215
Hence the marginal cost of attending, if it takes you 5 years to graduate, and you assume a 3% annual inflation rate is $229673.215