the table shows the predicted cost of the first year of college at a private school six years from now…

the table shows the predicted cost of the first year of college at a private school six years from now. \ncategory predicted cost\ntuition $36,620\nroom and board $12,900\nbooks and fees $2,450\ntransportation $3,100\nother $1,330\nemily is using the table to determine the minimum amount of money she should save monthly if she is to have enough money to pay for her first - year of college. she anticipates receiving $6,000 in grants and has 6 years to save in a college savings account. without including any interest earned, what is a reasonable estimate of the amount emily and her family should save each month for the next 6 years to pay for her first year of college?\n$600\n$700\n$850

the table shows the predicted cost of the first year of college at a private school six years from now. \ncategory predicted cost\ntuition $36,620\nroom and board $12,900\nbooks and fees $2,450\ntransportation $3,100\nother $1,330\nemily is using the table to determine the minimum amount of money she should save monthly if she is to have enough money to pay for her first - year of college. she anticipates receiving $6,000 in grants and has 6 years to save in a college savings account. without including any interest earned, what is a reasonable estimate of the amount emily and her family should save each month for the next 6 years to pay for her first year of college?\n$600\n$700\n$850

Answer

Explanation:

Step1: Calculate total predicted cost

$36620 + 12900+2450 + 3100+1330=$56400$

Step2: Subtract grant amount

$56400 - 6000=$50400$

Step3: Calculate monthly savings

There are $6\times12 = 72$ months in 6 years. So, $\frac{50400}{72}=$700$

Answer:

$700$