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.How much more tuition will you have to pay per year when your child is eighteen?
A) $15,000.00
B) $30,365.89
C) $36,320.44
D) $37,565.75
Correct Answer:
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