Bill wants to attend a college with a current tuition of $10,000 a year. He will graduate from high school

Bill wants to attend a college with a current tuition of $10,000 a year. He will graduate from high school in five years. Roughly how much will Bill need to save for one-year’s tuition to account for an annual rate of inflation of 3%?

A. $638.30
B. $667.50
C. $656.50
D. $633.30

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