Final answer:
Miranda will have $12,000 saved for college after her family's initial savings and her own savings from working. The exact amount she will need in loans is undeterminable without the total cost needed for her first year of college.
Step-by-step explanation:
The question is asking for the total amount of money Miranda will have saved for her college expenses and how much more she will need to take out in loans for her first year of college, assuming that information regarding the total cost she needs for the year was given in problem number 2, which wasn't provided here.
Miranda's family has already saved $10,200 for college expenses. In addition, Miranda plans to save $100 per month for the next 18 months. Calculating the savings from her job, we have:
- $100/month × 18 months = $1,800
Adding this to the initial savings amount:
- $10,200 (initial savings) + $1,800 (Miranda's savings) = $12,000 total saved.
The answer options suggest various amounts Miranda might need to secure in loans. Without the total cost needed for the first year from problem number 2, we cannot determine the exact amount she would need in loans (A) $1,800, (B) $2,200, (C) $2,400, or (D) $3,600. This missing piece of information is critical to accurately answer this part of the question.
Gathering from the provided context about the rising costs of college and the impact of student loans, we can acknowledge the challenge students like Miranda face in funding their higher education.