Problem
Enrollment at City University is increasing 3% per year, its cost per credit hour is increasing 8% per year, and state funds are decreasing by 4% per year. State funds currently pay half of the costs for City U., while tuition pays the rest. What annual increase in tuition is required? Assume inflation is 5% and other rates are nominal.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.