Giselle predicts that she will receive a grant for $4,000. If she has 4 years in which to save, what is the minimum monthly amount she should deposit in an interest bearing savings account to be able to pay her contribution for one year of college? $400 $500 $600 $700 Mark this and return

Predicton table :

CategoryEstimated Cost 2017–2018

Tuition $12,450

room and board ___$10,125

transportation $2,600

books and fees $2,250

other $1,250

$600

Explanation:

Given that :

Estimated cost required 1 year in college :

(tuition fee + room and board + transportation + books and fees + others)

($12450 + & 10125 + $2600 + $2250 + $1250)

Total Amount = $28,675

Amount to be saved monthly for 4 years to obtain total amount :

Total amount / number of months in 4 years

1 year = 12 months

4 years = (12 * 4) =48 hours

$28,675 / 48

= $597.39583

= $600 ( to the nearest ten dollar)

C. $600

correct on edge 2021