Question: Your answer is incorrect. Assume that the first - year cost of attending college is currently $ 1 2 , 0 0 0 and that

Your answer is incorrect.
Assume that the first-year cost of attending college is currently $12,000 and that this cost is increasing at a rate of 6 percent per year. What is the amount needed now to fund four years of college, assuming that your invested funds earn 6 percent per year after taxes and you plan to begin school this year?
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Your answer is incorrect. Assume that the first-year cost of attending

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