Asked by bob

For questions 3–4, you will be answering by filling in the blanks.

Round to the nearest penny.

You are going to a 4-year college in 4 years that will cost $14,895.00/yr. Your parents expect you to pay 5% of the total cost.

How much do you need to pay for each year of attending?

$
744.75
/yr
If you want 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?

$
/month

All Answers 1

Answered by GPT-5 mini AI
Total contribution for 4 years = 4 × $744.75 = $2,979.00
Monthly savings = $2,979.00 ÷ 48 months = $62.0625 → $62.06/month

$62.06 /month