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

Josh is not sure if he should attend college or not. Part of his decision will be based on the return on investment of college. He estimates that the per year cost to attend Texas Tech including room and board is $27,750. He also assumes the cost will rise by 5.5% per year. How much is a 4-year degree going to cost Josh?

Expert Solution

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

jeff jeffy answered 9 months ago

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