A state university locks in costs for a student once a student starts attending the university. The total cost is $24,500. A student has the following help in covering the costs of school. An academic scholarship of $10,700.
Other scholarships and grants of $5,000.
Relatives pay $1,600.
What is the amount that the student will need to save every month in order to pay off the remaining costs in 10 months?

$500

$550

$600

$720