Tanner will have to save $3,193.34 per month for 4 years to pay his tuition for Stanford.
Tanner's tuition over 4 years to get his Bachelor's degree all together will cost $185,280 (multiply 46,320×4). His parents will pay $32,000 (multiply 8,000×4) of his whole tuition. If we do the equation $185,280-$32,000 we get $153,280 which is what Tanner will have to pay. There are 48 months in 4 years. To find the answer you must solve the problem 48x= $153,280. To solve the problem divide both sides by 48. The answer to this equation is technically $3,193.3333333333 but for simplicity's sake we can round to $3,193.34. That is why the answer to this question is $3,193.34 per month of savings.
