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BARSIC [14]
3 years ago
6

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 h

as $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?
Mathematics
2 answers:
fgiga [73]3 years ago
8 0
12000 - 2900 = 9100

9100 / 36 = 252.77.....about 253 per month
11Alexandr11 [23.1K]3 years ago
6 0

Answer:

Carly needs to deposit $252.78 every month during 3 years to pay for her first year of college.

Step-by-step explanation:

First we have to know how much is the amount of money that Carly needs to complete the $12,000, this is:

Need=12,000-2,900=9,100

She will have to save $9,100 in 3 years (this are 36 months), now we can calculate the amount of money that she have to save every month dividing the money by the number of months:

SaveMonth=\frac{9,100}{36} =252.78

Carly needs to deposit $252.78 every month during 3 years to pay for her first year of college.

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