Estimate first-year cost of college after adjustment

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Question - Assume that the current annual costs for your client's choice of college for this son are $45,000. Your client's son is now 3 years old and assuming he will be age 18 when beginning college. The college cost inflation rate is 3.3 percent compounded annually. Estimate first-year cost of college after adjustment for inflation.

Reference no: EM133040762

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