Aaron is planning to attend a public university after he graduates from high school in 4 years. He is devising a plan to save money each month to help with the expenses of attending the university. The cost of attending the public university for one-year is $42,600. His family has promised to contribute $22,500 each year he is in school. What is the minimum amount of money Aaron must contribute to his savings per month for the next 4 years to have enough money to pay for his first year of tuition? a
$389.52
b
$418.75
c
$298.35
d
$435.85