Your University Is Running a Special Offer on Tuition

question 116

Multiple Choice

Your university is running a special offer on tuition.This year's tuition cost is $18,000.Next year's tuition cost is scheduled to be $19,080.The university offers to discount next year's tuition at a rate of 6% if you agree to pay both years' tuition in full today.How much is the total tuition bill today if you take the offer?

• A)$18,000
• B)$34,981
• C)$37,080
• D)$36,000

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