Q Search this course Ch 07: End-of-Chapter Problems - The Time Value of Money Back to Assignment Attempts Average / 4 10. Problem 7-10 DONNE Problem 7-10 Tuition costs at various colleges vary from $10,000 to $40,000 annually. These tuitions are expected to increase over time. If the annual rate of increase is 4 percent, what will be the new range in tuition costs in eight years? Use Appendix A to answer the questions. Round your answers to the nearest dollar. The range at 4 percent is $ - S If the rate doubles from 4 to 8 percent, what will be the range in tuition costs after eight years? Use Appendix A to answer the questions. Round your answers to the nearest dollar. The range at 8 percent is $ Grade it Now Save & Continue Continue without saving