Problem
City University's enrollment is 12,298 full-time equivalent students (at 12 credit-hours each), with 3% annual increases. The university's cost per credit-hour is now $105, which is increasing by 8% per year. 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 is tuition per credit hour each year for the next 5 years?
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.