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Josh is not sure if he should attend college or not. Part of his decision will...

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Finance

Josh is not sure if he should attend college or not. Part of hisdecision will be based on the return on investment of college. Heestimates that the per year cost to attend Texas Tech includingroom and board is $27,750. He also assumes the cost will rise by5.5% per year. How much is a 4-year degree going to cost Josh?

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4.2 Ratings (538 Votes)

let me know if you need any clarification..

year Cost
1                                                                             27,750.00
2                                                                             29,276.25
3                                                                             30,886.44
4                                                                             32,585.20
Total cost                                                                          120,497.89

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Josh is not sure if he should attend college or not. Part of hisdecision will be based on the return on investment of college. Heestimates that the per year cost to attend Texas Tech includingroom and board is $27,750. He also assumes the cost will rise by5.5% per year. How much is a 4-year degree going to cost Josh?

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