According to the College Board, the average annual cost of tuition and fees at a public university for the 2014-15 school year was $9,139 for an in-state student and$22,598 for out-of-state students. The average cost of a private university was much higher at $31,231 for the same period.
Download The Money Tree Cost Cost excel to see which College may be the best option for you!
Download The Money Tree Cost Cost excel to see which College may be the best option for you!
The cost of owning a car can even vary with the age of the car. For example, USA Today reported that the average price of a new car in 2015 is $33,560. If a car depreciates by 20 percent just by driving it off the lot, then depreciation in the first year will be $6,712
Financial Formulas
TIME FORMULA = (1/R) * ( (A/P) - 1)
R = Interest Rate (as a decimal)
A = Amount Desired
P = Principal Investment
R = Interest Rate (as a decimal)
A = Amount Desired
P = Principal Investment
COMPOUND INTEREST FORMULA
A = Amount
P = Principal Amount
R = annual rate of interest (as a decimal)
T = number of years
N = number of times the interest is compounded per year
A = Amount
P = Principal Amount
R = annual rate of interest (as a decimal)
T = number of years
N = number of times the interest is compounded per year