Shortfall in the upcoming year

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St. Mary's has 3400 students, each of whom pays $7000 per year. The school budget for the upcoming year is $30 million, and the church pays an appropriation of $5.2 million. By how much will St. Mary's have to raise tuition per student to keep from having a shortfall in the upcoming year? (Solve the problem using Excel Goal-Seek tool)

Reference no: EM132993231

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