Kirk and his family decide it is more reasonable for him to attend the local community college. They want to save for the cost of his first year in the automotive program. The local community college program is expected to be $6,845 per year. Which is the most reasonable goal for Kirk and his family to plan to save?
Answer
A
They should save $225 a month for 2 years.
B
They should save $200 a month for 3 years.
C
They should save $100 a month for 4 years .
D
They should save $75 a month for 5 years.
Explanation
Saving $200 each month for 3 years gives Kirk’s family 36 months to save: $200 × 36 = $7,200. That is enough to cover the first-year cost of $6,845. The other plans save less than the cost, so the $200-a-month plan is the most reasonable choice.
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