Mathematics, 06.05.2020 21:20 giovney
PLEASE NOTE: All questions below use the same scenario. You must convert the months to years. A certain college that four students want to attend charges of $8,008 for tuition and fees each year. Room and housing are an additional $8,392 per year. Calculate how much money each student and family will need to save for the first year of college.
1. How much money will the student and family below need to save for the first year of college?
Scholarship - $1,000
Grant - $1,000
Student Loan - $4,500
Months - 42
a. $16,400
b. $6,500
c. $2,828.57
d. $235.71
2. How much money will the student and family below need to save for the first year of college?
Scholarship - $6,000
Grant - $500
Student Loan - $4,500
Months - 24
a. $2,700
b. $16,400
c. $11,000
d. $225.00
3. How much money will the student and family below need to save for the first year of college?
Scholarship - $10,000
Grant - $2,000
Student Loan - $0
Months - 18
a. $16,400
b. $4,400
c. $244.44
d. $2,933.33
4. How much money will the student and family below need to save for the first year of college?
Scholarship - $3,000
Grant - $2,000
Student Loan - $4,500
Months - 39
a. $6,900
b. $176.92
c. $2,123.08
d. $16,400
Answers: 1
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