Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 87TA
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Question
Maria is planning to attend a four-year university. The list below shows the estimated costs for one year. Her family devised a periodic savings plan that will have a total value of $48,000 by the time Maria will begin college. Maria will participate in a work-study program that pays for her room and board each year. With the work-study and her family's contribution, for how many years of college will be paid? Round to the nearest hundredth.
Four-Year University Estimated Costs
Tuition and Fees. $13,200.00
Room and Board. $3,500.00
Books and Supplies $1,300.00
Personal Expenses. $1,700.00
a
|
about 2.96
|
b
|
about 2.67
|
c
|
about 2.61
|
d
|
about 2.44
|
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