Question

In ten months, Kelly's parents will need to make the final payment for Kelly's braces. The total cost is $2,700. Half of the total cost was paid when her braces were put on.How much will Kelly's parents need to save each month to pay off the balance owed?

Answer 1

Kelly's parents should save $135 each month for the next 10 months to pay off the remaining balance of $1,350 for Kelly's braces.

Step-by-step explanation:

The question concerns a financial planning scenario where Kelly's parents need to save money for an upcoming payment. The total cost of Kelly's braces is $2,700, and half of this amount has already been paid. The remaining balance is therefore $1,350, which needs to be paid in 10 months.

To calculate how much Kelly's parents should save each month, we need to divide the remaining balance by the number of months remaining.

$1,350 ÷ 10 months = $135 per month.

To be prepared for the final payment for Kelly's braces, Kelly's parents will need to save $135 each month.