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, and 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

Question

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The Answer of 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, and 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

You Have an Absolutely Brilliant Child Who Is Six Years