Assuming That College Costs Continue to Increase an Average of 4

question 41

Essay

Assuming that college costs continue to increase an average of 4% per year and that all her college savings are invested in an account paying 7% interest,then what is the amount of money she will need to have available at age 18 to pay for all four years of her undergraduate education?

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Definitions:

Standard Deviations

A gauge for evaluating how much the data values vary or diverge from each other in a dataset.

Data Values

The individual pieces of information or numerical figures that are collected and analyzed in a study.

Interactive Data Dashboards

Visual displays of data that allow users to filter, analyze, and interact with complex datasets in real-time.

Drilling Down

A method in data analysis where you move from summary information to more detailed data.