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In two years Rocky plans to enroll at Whatsamatta U., a prestigious university in Frostbite Falls, MN. If the current tuition is $23,500 per year and is expected to increase at a rate of 6% per year, how much will Rocky pay in tuition his first year of school? (His first tuition payment is exactly two years from today.) In his fourth year? (His last tuition payment is exactly 5 years from today) (Rounded to the nearest dollar.)
Irregularity
A deviation from what is standard, normal, or expected, often indicating a potential issue or problem.
Forged Maker's Signature
An illegal alteration or the unauthorized signing of a document by someone other than the individual purportedly doing the signing.
Antedated
Refers to something that precedes another thing in time, especially a document or statement that bears a date earlier than the actual date of execution.
HDC Status
A legal term describing the status of a holder in due course, who acquires a negotiable instrument under certain conditions, granting them rights free from many defenses.
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