The information in the table shows how much a specific monthly contribution can result in after 3 years of investment with a 4.2% annual interest rate, compounded monthly. On average, the annual cost to attend a 2-year public institution in the 2020-2021 academic year is $3,900. If the goal is to cover the cost for two years at a 2-year public institution after 3 years of investment, what is the minimum amount a student should be saving each month? (1 point)

Answer 1

The table is missing, so we cannot directly calculate the minimum amount a student should be saving each month.