Suppose that the tuition for a university is $10,000 this year and increases 4% every year. In one year, the tuition will be $10,400. Write a program using for loop that computes the tuition in ten years and the total cost of four years’ worth of tuition after the tenth year.

The programming language is not stated; however, I'll answer using Python programming language (See attachment for proper format)

tuition = 10000

rate = 0.04

for i in range(1,15):

tuition = tuition + tuition * rate

if i <= 10:

print("Year "+str(i)+" tuition:",end=" ")

print(round(tuition,2))

if i == 14:

print("Tuition 4th year after:",end=" ")

print(round(tuition,2))

Explanation:

The first 2 lines initializes tuition and rate to 10000 and 0.04 respectively

tuition = 10000

rate = 0.04

The next line iterates from year 1 to year 14

for i in range(1,15):

This line calculates the tuition for each year

tuition = tuition + tuition * rate

The next 3 lines prints the tuition for year 1 to year 10

if i <= 10:

print("Year "+str(i)+" tuition:",end=" ")

print(round(tuition,2))

The next 3 lines prints the tuition at the 4th year after year 10 (i.e. year 14)

if i == 14:

print("Tuition 4th year after:",end=" ")

print(round(tuition,2))

answer; wage income;