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34 votes
34 votes
PLS HELP ME I DON'T GET IT

PLS HELP ME I DON'T GET IT-example-1
User Jianing
by
2.4k points

1 Answer

14 votes
14 votes

Answer:

(a) $14,912 saved

(b) $58,000 aid needed

Explanation:

(a)

Nola is saving $200 each month. That means she will have saved 60 times that amount after 60 months:

60 × $200 = $12,000

When she adds that to her current savings she will have saved a total of ...

$12,000 +2,912 = $14,912 . . . by the time she starts college

__

(b)

The figure is telling you Nola will need $72,912 for 4 years of college. If she funds $14,912 from her own savings, then she will need an additional amount of ...

$72,912 -14,912 = $58,000 . . . . amount of financial aid needed

User Sukhmeet Sethi
by
2.7k points