Question

Carly will be going to college in 3 years. she anticipates that she will need $12,000 to pay for the first year. she currently has $2,900 in a savings account. without including any interest earned, what is a reasonable estimate of the amount carly needs to deposit into the savings account per month over the next 3 years to be able to pay for her first year of college? $150 $250 $350 $450rmano. no digo eso a tu hermano.

Answer 1

To estimate the amount Carly needs to deposit into her savings account per month over the next 3 years, subtract her current savings from the anticipated cost of college and divide by the number of months.

Step-by-step explanation:

To determine the amount Carly needs to deposit into her savings account per month over the next 3 years, we can subtract her current savings from the anticipated cost of college. The calculation would be:

Amount needed to deposit per month = (Total cost of college - Carly's current savings) / Number of months

Substituting the given values, we get:

Amount needed to deposit per month = ($12,000 - $2,900) / 36

Amount needed to deposit per month = $283.33 (rounded to the nearest cent)

Therefore, a reasonable estimate of the amount Carly needs to deposit into the savings account per month over the next 3 years is $283.33.