You have an absolutely brilliant child who is six years old and will be attending a private college in twelve years.You know that a four year college now costs at least $30,000 per year,including tuition,books,room,and board.The cost of sending a child to college has increased by 7 percent per year,and you believe this will be true for the next twelve years.What will a four year college education cost when your child is eighteen?
A) $180,087.64
B) $241,463.56
C) $265,281.76
D) $270,263.00
Correct Answer:
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