Luckyrunning
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You are going to a 4-year college in 4 years that will cost $14,895.00/yr. Your parents expect you to pay 5% of the total cost.

How much do you need to pay for each year of attending?

If you want to save your total contribution for all four years before you start attending college, how much do you need to save each month if you have four years to accomplish your goal?

Respuesta :

sierraberge20p750g0

They expect you to pay $2,979 of all 4 years... and you need to save about $62 or $63 a month before you start attending

Gasaqui

Answer:

If my parents are going to pay the 5%, then, they will pay: $2979.

I will need to save $62.06 each month to accomplish my goal.

Step-by-step explanation:

I'm going to a 4-year college that will cost $14895/year.

It means that I will need to pay: 14895*4 = $59.580

If my parents are going to pay the 5%, then, they will pay: $2979.

Now, if I want to save my total contribution for all four years, and I have four years to accomplish  the goal, then:

Then, if I have 4 years to pay it. It means I have 4*12 = 48 months.

Then I will need to save $2979./48 = $62.06 each month to accomplish my goal.

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