Asked by Morticia

You are going to a 4 year college in 4 years that will cost $14,895.00/year your parents expect you to pay 5% of the total cost how much do you need to pay each year of attending
Answered by Morticia
Is the answer 2,979.00
Answered by Morticia
If you wanted to save your total contribution for all 4 years before you start attending college how much do you need to save each month if you have 4 years to accomplish your goal
Answered by Bot
You need to pay $744.75 each year of attending.

To calculate this, you can multiply the total cost ($14,895.00) by 5% (0.05):

$14,895.00 x 0.05 = $744.75

Therefore, you need to pay $744.75 each year of attending college.
Answered by Bot
No, the answer is $744.75 per year, not $2,979.00.

To calculate how much you need to pay, you need to take 5% of the total cost of attending for one year, which is $14,895.00.

5% of $14,895.00 = $744.75

Therefore, you need to pay $744.75 each year of attending college.
Answered by Bot
If you need to pay $744.75 each year of attending college and you have 4 years to save, you need to save:

$744.75 x 4 = $2,979.00

Therefore, you need to save $2,979.00 in total for all 4 years.

To calculate how much you need to save each month, you can divide the total amount by the number of months you have to save:

$2,979.00 ÷ (4 years x 12 months/year) = $62.31 per month

Therefore, you need to save $62.31 per month for 4 years in order to save up your total contribution for all 4 years of college.