Question: TVM Problem Solving Question : If College costs are increasing 4% per year and current college costs are 15,000 what will be the cost of

TVM Problem Solving Question : If College costs are increasing 4% per year and current college costs are 15,000 what will be the cost of the first year of college in 5 years. If you have 5,000 saved now earning 6% interest how much would you have to save each year to have enough to pay for the first year of college?

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