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Concept explainers
Rising cost of collage. Like most things, the cost of a collage education has gone up over time. The graph below display the yearly costs of 4-year collages in 2010 dollars-indicating that the cost prior to 2010 have been adjusted for information.
(Source: National center Education Statistics, Annual of Educational, Statistics, 2012.)
a. In what school year(s) did the cost of a private 4-years appear to increases the most?
b. In what school year(s) the cost of a public 4-year collage appear to increases the most?
c. Assuming an annual inflation rate of 3% calculate the cost of a year at a public and at a private 4-year collage in 2000. Express the cost in 2000 dollars.
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Chapter 1 Solutions
Calculus and Its Applications (11th Edition)
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