College expenses. average expenses for full time college students at all two and four year institutions during a recent academic year are shown in the problem.
type of expenses public schools private schools
tuition and fees 2928 16,517
board rates 2702 3236
dormitory charges 2925 3750
question 1. how much would it cost for the student to attend for four year assuming an annual inflation rate of 10%? calculate the cost of attending both private and public schools for four year given this annual inflation rate.