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How much will bill need to save for one-year tuition

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Question - Bill wants to attend a college with a current tuition of $10,000 a year. He will graduate from high school in five years. Roughly how much will Bill need to save for one-year's tuition to account for an annual rate of inflation of 3%?

A. $638.30

B. $667.50

C. $656.50

D. $633.30

Reference no: EM133046728

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