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Your parents have been advised to save 5% of their income for your college education, which would include money for housing, tuition, books, and fees. How much would your parents have saved in one year,
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20 votes
20 votes
Your parents have been advised to save 5% of their income for your college education,

which would include money for housing, tuition, books, and fees. How much would your
parents have saved in one year, following the recommended 5%, if they had an average
household income of $99,948? Show your work. (5 points)

User Tushar Srivastava
by
2.7k points

1 Answer

25 votes
25 votes
99,948(0.05) = 4997.4
So around $4,997 has been saved
User Jonik
by
2.8k points
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