carly will be going to college in 3 years. she anticipates that she will need $12,000 to pay for the first…

carly will be going to college in 3 years. she anticipates that she will need $12,000 to pay for the first year. she currently has $2,900 in a savings account. without including any interest earned, what is a reasonable estimate of the amount carly needs to deposit into the savings account per month over the next 3 years to be able to pay for her first year of college?$150$250$350$450

carly will be going to college in 3 years. she anticipates that she will need $12,000 to pay for the first year. she currently has $2,900 in a savings account. without including any interest earned, what is a reasonable estimate of the amount carly needs to deposit into the savings account per month over the next 3 years to be able to pay for her first year of college?$150$250$350$450

Answer

Explanation:

Step1: Calculate total needed amount

$$12,000 - $2,900 = $9,100$

Step2: Calculate total number of months

$3 \times 12 = 36$ months

Step3: Estimate monthly deposit

$\frac{$9,100}{36} \approx $252.78$

Answer:

B. $250