Question

You are planning to attend a 2-year college at a cost of
$8,278.00/yr for your associate's degree and then 2 years more at a
University costing $14,675.00/yr for your bachelor's degree.
Your parents want you to pay 10% of the cost. How much of
your higher education cost is your responsibility?

Answer 1

To calculate your responsibility for the total cost of your higher education, we need to determine the total cost for both the 2-year college and the 2 years at the university. Then, we will calculate 10% of that total.

1. **Cost of 2-year college:**
\[ \text{Cost for 2 years} = 2 \, \text{years} \times 8,278.00 \, \text{USD/year} = 16,556.00 \, \text{USD} \]

2. **Cost of 4-year university:**
\[ \text{Cost for 2 years} = 2 \, \text{years} \times 14,675.00 \, \text{USD/year} = 29,350.00 \, \text{USD} \]

3. **Total cost of education:**
\[ \text{Total cost} = 16,556.00 \, \text{USD} + 29,350.00 \, \text{USD} = 45,906.00 \, \text{USD} \]

4. **Your responsibility (10% of total cost):**
\[ \text{Your share} = 0.10 \times 45,906.00 \, \text{USD} = 4,590.60 \, \text{USD} \]

So, your responsibility for the cost of your higher education is **$4,590.60**.