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Assume that the current annual costs for your client's choice of...

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Asked by leedarnell52 on coursehero.com

Assume that the current annual costs for your client's choice of...

Assume that the current annual costs for your client's choice of college for this son are $29,000. Your client's son is now 4 years old and assuming he will be age 18 when beginning college. The college cost inflation rate is 5.1 percent compounded annually. Estimate first-year cost of college after adjustment for inflation.

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Answered by Ric14 on coursehero.com

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