AnswersPersonal Finance - MathSci Elective half creditCumulative Exam — Cumulative examQuestion 26
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Cumulative Exam — Cumulative exam

Question 26 • Personal Finance - Math/Sci Elective (half credit)

Joaquin used the table to predict the cost of one year of education at a four-year public university. CategoryPredicted Costtuition$9,450room and board$7,920transportation$2,680books and fees$1,875other$930He received a grant for $1,900. What is the minimum amount Joaquin will need to contribute to his education annually if he chooses to live at home?

Answer
A
$13,035
B
$14,935
C
$20,955
D
$22,855

Explanation

Since Joaquin lives at home, exclude the $7,920 for room and board. Add the remaining costs: $9,450 + $2,680 + $1,875 + $930 = $14,935. Subtract his $1,900 grant, leaving $13,035 to contribute, which is choice A.

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