Need help Rachael is applying for a scholarship

Oct 19th, 2014
KateS
Category:
Accounting
Price: $10 USD

Question description

Rachael is applying for a scholarship currently valued at $ 5000. If she is awarded it at the end of next year, how much is the scholarship worth in today’s dollars, assuming inflation of 3 percent?  


If Rachael’s tuition, fees, and expenditures for books this year total $ 12,000, what will they be during her senior year (three years from now), assuming costs rise 4 percent annually?

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