Barb Estimates she will need 7,500 per year for college tuition. Her parents can pay 75% of the cost, and she will need to cover the rest. If barb has 4 years and wants to sve enough to cover the first two years of her contribution, what i the minimum amount she should save each month?

Answer 1

Barb's parents will pay 75% of the $7,500 tuition, which is 0.75 * $7,500 = $<<0.75*7500=5625>>5,625 per year.
Barb needs to cover the remaining 100% - 75% = 25% of the tuition cost.
The cost Barb needs to cover is 0.25 * $7,500 = $<<0.25*7500=1875>>1,875 per year.
For the first two years, Barb needs to cover a total of $1,875 * 2 = $<<1875*2=3750>>3,750.
To save enough money, the minimum amount Barb should save each month is $3750 / (2 years * 12 months) = $156.25. Answer: \boxed{156.25}.