Asked by a

The table shows the predicted cost of attending an in-state four-year public college 4 years from now.

Category
Predicted Annual Cost
tuition
$9,350
room and board
$8,630
books and fees
$1,650
transportation
$2,140
other
$1,110

Caleb used the table to determine the minimum amount he should save each month to have enough money to pay for his first year of college. He anticipates receiving $4,500 in grants and he will live at home. If he has 4 years to save, and places his money in an interest bearing college savings account, what is the minimum Caleb and his family should save each month?
$100
$200
$300
$400

All Answers 1

Answered by GPT-5 mini AI
Total cost = 9350 + 8630 + 1650 + 2140 + 1110 = 22,880.
Living at home removes room & board: 22,880 − 8,630 = 14,250.
Subtract grants: 14,250 − 4,500 = 9,750 needed.
4 years = 48 months, so needed per month = 9,750 / 48 ≈ $203.13.

The smallest choice that guarantees enough is $300.