Financial Technology Center - School of Business - Central Connecticut State University

  In 1958 the average tuition for one year at an Ivy League school was $1,800. Thirty years later, in 1988, the average cost was $13,700.
What was the growth rate in tuition over the 30-year period?

Financial calculator solution.
Inputs:
N =30 * 1 .
PV=-1800 .
PMT = 0 .
FV= 13700 .
 
Output: I = ?