Question

Nan estimates that she will need $72,000 to attend a 4-year college. She can pay $60,000 with student loans and by working part time. Her parents have agreed to pay the rest. They have 46 months to save. Ignoring interest, which of the following is closest to the amount they should save each month if they divide it into equal amounts?

Answer 1

mamswims is correct 260 is the answer

Explanation:

my first answer was wrong, I am so sorry for my mistake.

Answer 2

It would be 260 dollars per month.

12000/46 = 260.87 (rounded)