Answered: RIVATE UNIVERSITY & Fees $25,100 &…

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Finance

RIVATE UNIVERSITY & Fees $25,100 & Board $8,000 Supplies $1,300 xpenses $750 tal (1 Year): 351 50

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 1BCRQ

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Question

Jamal plans to attend a 4-year private university. He will receive $8,200 in scholarships and grants each year, and he will earn $1,900 each year through a work study program. Jamal has one year to save enough for his first year's contributions. Complete each statement to show how much Jamal will need to save each month based on his current savings. a. If Jamal currently has $0 in savings, he will need to save how much? b. If Jamal currently has $1,000 in savings, he will need to save how much? c. If Jamal currently has $2,000 in savings, he will need to save how much?

or the total costs at each school.
below.
4-YEAR PRIVATE UNIVER SITY
Tuiivii & Fees
$25,100
Room & Board
$8,000
Books & Supplies
$1,300
Misc. Expenses
$750
Total (1 Year): 35150
Total (4 Years): 40,600
amunity collego. She will recciv
$1,500 each year through a w

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