Answer:
1.) C
2.) A
3.) D
4.) C
Step-by-step explanation: Given that the
$8,008 for tuition and fees each year.
Room and housing are an additional $8,392 per year.
Total = 8008 + 8392 = $16400
1.) Scholarship - $1,000
Grant - $1,000
Student Loan - $4,500
Months - 42
Yearly = 42/12 = 3.5 years
Total support = 1000 + 1000 + 4500
= $6500
Savings = 16400 - 6500 = 9900
First year savings = 9900/3.5
= 2828.57 dollars
2. Scholarship - $6,000
Grant - $500
Student Loan - $4,500
Months - 24
Yearly = 24/12 = 2
Support = 4500 + 6000 + 500
= $11000
Savings = 16400 - 11000
= 5400 dollars
First year savings = 5400/2
= 2700 dollars
3.) Scholarship - $10,000
Grant - $2,000
Student Loan - $0
Months - 18
Yearly = 18/12 = 1.5
Support = 10000 + 2000 = $12000
Savings = 16400 - 12000
= 14400 dollars
First year savings = 4400/1.5
= 2933.33 dollars
4.) Scholarship - $3,000
Grant - $2,000
Student Loan - $4,500
Months - 39
Yearly = 39/12 = 3.25
Support = 3000 + 2000 + 4500
= 9500 dollars
Savings = 16400 - 9500 = $6900
First year savings = 6900/3.25
= $2123.08
