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(Financial application: compute future tuition) Suppose that the tuition for a university is $10,000 this year and increases 5% every year. In one...
(Financial application: compute future tuition)
**The trick here is that they need to figure out what tuition will be in year 10 and then use that also as a running total for 4 years of tuition. The most common errors are: increasing the tuition for year 10 twice- once in each loop. OR they miscount and think that people are in school years 11-14 when it is really 4 years 10-13. Also they often will miss the currency formatting**