6. Trey wants to attend a college that will cost $17,400 for the first year. His uncle gave him a special gift of $12,000 to use toward the cost. Trey plans to attend the college in 3 years. How much must Trey save each month to have enough for the first-year cost?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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6.
6. Trey wants to attend a college that will cost $17,400 for the first year. His uncle gave him a special
gift of $12,000 to use toward the cost. Trey plans to attend the college in 3 years. How much must
Trey save each month to have enough for the first-year cost?
Transcribed Image Text:6. Trey wants to attend a college that will cost $17,400 for the first year. His uncle gave him a special gift of $12,000 to use toward the cost. Trey plans to attend the college in 3 years. How much must Trey save each month to have enough for the first-year cost?
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