Help ASAP Being Timed!!!
Michael will attend college in 5 years. He anticipates he will need $19,000 to pay for the first year. He currently has $6,400 in a savings account.
Without including any interest earned, what is a reasonable estimate of the amount Michael needs to deposit into his savings account each month over the next 5 years to be able to pay for his first year of college?
A. $200
B. $350
C. $500
D. $650
Answers
Answer:
Darian has decided to attend an out-of-state public four-year university. His expected expenses are shown in the table. Darian expects to get $7,500 in grants each year. What is the minimum amount he should expect to contribute for four years at the university?
$91,500
Carly will be going to college in 3 years. She anticipates that she will need $12,000 to pay for the first year. She currently has $2,900 in a savings account. Without including any interest earned, what is a reasonable estimate of the amount Carly needs to deposit into the savings account per month over the next 3 years to be able to pay for her first year of college?
$250
Michael will attend college in 5 years. He anticipates he will need $19,000 to pay for the first year. He currently has $6,400 in a savings account.
Without including any interest earned, what is a reasonable estimate of the amount Michael needs to deposit into his savings account each month over the next 5 years to be able to pay for his first year of college?
$200
Arthur is 10 years old. Tuition for one year at a public two-year college is $3,125. In 8 years, tuition is expected to increase 32%. Arthur's family plans to save for his college costs for 5 years. If the family saves $75 per month, will there be enough money to pay for the expected cost of one year at the college when he is 18?
Yes, they could save about $5 less per month and still have enough money.
Catherine is using the table to predict the cost of one year of education at a four-year private college. She predicts she will receive $14,000 in grants annually. Catherine does not own a car and plans to live near campus where she will rely on the free bus system for transportation. What is the minimum amount Catherine should expect to contribute to her education annually?
$31,570
Aneesha determined that the cost of attending her public four-year college in her first year will be $6,220. If the average cost is expected to increase by 6%, what will be the cost of attending her second year in college?
$6,593.20
Dustin estimates it will cost $7,721 annually to attend a public four-year college. He will receive $1,930 in grants. How much is Dustin's estimated annual contribution to his college education?
5,791
The table shows the cost of various expenses Montrel expects to pay for one year at a public two-year college. How much should Montrel expect to pay?
13,640
Eric wants to attend a public four-year university. He estimates that the average cost of one year at this university is $19,500. He can save at most $325 a month. Without factoring in interest, grants, or scholarships, what is the minimum number of months he needs to save in order to be able to pay for one year of college?
60
The table shows the predicted cost of the first year of college at a private school six years from now. Emily is using the table to determine the minimum amount of money she should save monthly if she is to have enough money to pay for her first year of college. She anticipates receiving $6,000 in grants and has 6 years to save in a college savings account.