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10 May, 16:49

Emily 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?

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  1. 10 May, 17:13
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    For the answer to the question above asking 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?

    So she have 6 years to save, and she has a grant of 6000

    multiply 6 years by 12 to get the total mos.

    and we'll get 72 mos.

    now divide the grant by the no. of mos

    6000/72

    she must save 83. 33 or 84 dollars to complete that 6000 dollars for her 1st-year college
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