1.Please visit website of each university and find tuition
and related information. Use out-of-state tuition
information. Make sure that you include accurate
information and citation source (20 points).

2.Using the tuition and related information in (1), you need to
compound it at a reasonable “inflation” rate for education-related
expenses for x number of years. I hope most of you are aware that
educational inflation has been much higher than overall inflation
in the economy, (You can find ‘tuition inflation’ statistics from
the internet. Use google.com and search for tuition inflation or
education inflation) (40 points).

3.After you calculate this projected cost, your next job is to
find the annual deposit needed to accomplish the goal – meeting the
educational expenses. You assume the investment rate of return (You
can use ‘savings account rate as your investment rate of return,
for example). Recall the equations or time value of money table we
went over in class. You will choose the one that will give you the
amount of the annual deposit (40 points).