The tuition would be $6143.94 next year
The given parameters are:
The tuition next year is then calculated as:
Tuition = Current * (1 + Rate)
This gives
Tuition = $5,742 * (1 + 7%)
Evaluate
Tuition = $6143.94
Hence, the tuition would be $6143.94 next year
Read more about rates at:
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