2.) Micheal will attend college in 5 years. He anticipates he will need $19,000 to pay for the first year. He currently has $6,400 in a savings account. Without including any interest earned, what is a reasonable estimate of the amount Micheal needs to deposit into his savings account each month over the next 5 years to be able to pay for his first year of college? A. $200 B. $350 C. $500 D. $650
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