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

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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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