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Ulia is planning to attend the same private four-year college her parents attended. she wants to save at least $18,000 in four years to contribute to her college education. which monthly deposit amounts can julia use to achieve her goal? check all that apply.

Answers

ansver
Answer from: guccim5971

375, 425 and 500

Step-by-step explanation:

ansver
Answer from: anaismami1

The correct answer is : $375

Explanation:

As given:

Amount of money Julia needs to save = $18000

Time taken to save this amount = 4 years

And 1 year has 12 months, so 4 years has = 12*4=48 months

It has been asked which monthly deposit amount can be used, so to get the answer we will divide the total amount by total number of months.

= \frac{18000}{48}=375

Hence, Julia needs to save $375 for 4 years in order to save $18000.

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