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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 2
The headline on a Chronicle of Higher Education article reads "College Costs Rise Faster than Inflation."The article states that tuition at public colleges and universities increased by 58% over the past 5 years.
a) What was the average annual percentage increase over that period of time (b) If the real increase in tuition (i.e., without inflation) was 5% per year, what was the inflation rate per year
a) What was the average annual percentage increase over that period of time (b) If the real increase in tuition (i.e., without inflation) was 5% per year, what was the inflation rate per year
Explanation
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The formula for calculating the future w...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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