In 1998 the annual cost of attending a public college was $10,069, and the costs were climbing by 6% per year.  If the percent growth rate continues to remain steady, how much will a year of college cost in 2020?

You paid $10,000 for a car whose value is depreciating by 14% per year, compounded annually.  Assuming that this trend continues, how much would your car be worth after 3 years?

You have $10,000 you want to invest. Your bank has several investment accounts tochoose from, all compounding daily. Your goal is to have $15,000 in 6 years. To thenearest hundredth of a percent, what is the minimum annual interest rate the account must have so you can reach your goal?

A store shows a net profit of $65,250 for the year. If the store profit increases by 3.75% per year for the next 15 years what will the net profit be at that point?

Lee put $5,000 into a stock market index mutual fund that grew at an average of 6.5% per year for 10 years. Without any added deposits or withdrawals, about how much is Lee's mutual fund account after only 8 years, if you ignore compounding?

Total spending on health care in a certain region rose from ​$253 billion in 1982 to ​$2.7 trillion in 2020. Compare this rise in health care spending to the overall rate of inflation as measured by the Consumer Price Index.

c. Approximately how many years will pass before the cost of the $545 washing machine in part a increases by $200 if the rate of inflation remains at 4 percent? years

How long will it take $3000 to grow to $4800 if it is invested at a 6.2% interest rate compounded monthly?

In the future, it is estimated that university will cost $200,000 per student. How much would have to be placed into an account that pays 2% p.a interest compounded monthly at birth so that you would have the $200,000 by the time the student turned 18?