The Hartman family is saving $400 monthly for Ronald's college education. The family anticipates they will need to
contribute $20,000 toward his first year of college, which is in 4 years. Which best explains whether the family will
have enough money in 4 years?
O The family will not have enough money. They will have saved only $16,000.
O The family will not have enough money. They will have saved only $19,200.
O The family will likely have enough money. They will have saved $16,000 and have accumulated interest.
The family will likely have enough money. They will have saved $19,200 and have accumulated interest.