Old MathJax webview

Using Spreadsheet 21.10, assess the present value of college tuition as a fraction of the present value of labor income if tuition were to rise by 1%. (Round your answer to 2 decimal places.) % Present value E ROR rROR Extra-Cons 40,000 1Retirement Years Income Growth Rate of Inflation Savings Rate 15 .0291 06 .03 07 Income 50,000 53,500 70,128 137,952 168,997 180,826 193,484 207,028 221,520 237,026 253,618 271,372 533,829 25 Cumulative Savings rConsumption Expenditures 42,500 44,150 51,419 75,264 84,378 87,654 91,058 Savings 7,500 8,025 10,519 20,693 25,349 27,124 29,023 31,054 Deflator 1.00 Age 3 7,500 15,975 61,658 308,859 4 30 1.03 5 31 35 1.16 1.56 1.70 19 22 23 24 45 48 68,097 70,140 144,489 148,824 76,644 78,943 375,099 354,588 260,397 49 1.75 0 1.81 25 51 1.86 1.92 1.97 2.03 2.09 158,252 124,331 88,401 131,748 180,359 1,090,888 Real Annuity 94,595 98,268 102,084 106,049 110,167 161,257 22,048 26 52 33,228 35,554 38,043 27 28 29 39 40 Total 53 54 55 40,706 80,074 1,116,851 65 2.81

Using Spreadsheet 2110, assess the present value of college tuition as a fraction of the present value of labor Income If tuition were to rise by 1%. (Round your answer to 2 decimal places.) Present value %