julia is planning to attend the same private four - year college her parents attended. she wants to save at…

julia is planning to attend the same private four - year college her parents attended. she wants to save at least $18,000 in four years to contribute to her college education. which monthly deposit amounts can julia use to achieve her goal? check all that apply.\n$275\n$325\n$375\n$425\n$500

julia is planning to attend the same private four - year college her parents attended. she wants to save at least $18,000 in four years to contribute to her college education. which monthly deposit amounts can julia use to achieve her goal? check all that apply.\n$275\n$325\n$375\n$425\n$500

Answer

Explanation:

Step1: Calculate total months

There are 4 years and 12 months in a year, so the total number of months $n = 4\times12=48$ months.

Step2: Calculate the minimum - required monthly deposit

She wants to save at least $18000$ in 48 months. Let the monthly deposit be $x$. Then $x=\frac{18000}{48}=375$. So she needs to deposit at least $375$ per month.

Answer:

C. $375 D. $425 E. $500