If the price of attending big benefits university is $42,000 a year, including tuition, fees, books, and foregone earnings, what is the marginal cost of attending, if it takes you 5 years to graduate, and you assume a 3% annual inflation rate? what formula would you use? what is your r?

$229673.215

Step-by-step explanation:

Given : The price of attending Big Benefits University is $42,000 a year, including tuition, fees, books, and foregone earnings

To Find : what is the marginal cost of attending, if it takes you 5 years to graduate, and you assume a 3% annual inflation rate?

Solution:

Principal = $42000

Time = 5 years

Rate = 3% = 0.03

Formula :

So , Marginal cost = 43260+44557.8+45894.534+47271.370+48689.511

Marginal cost = $229673.215

Hence the marginal cost of attending, if it takes you 5 years to graduate, and you assume a 3% annual inflation rate is  $229673.215

4400

step-by-step explanation: