ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dan plans to attend a Four Year University. The tuition for the first year will cost $10, 250. His parents will pay for 40% of his college tuition. If Jim were to save money for 4 years, how much should he save each month in order to have enough money to pay for his first year of college?
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$128.13
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$1537.50
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$213.54
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$85.42
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Explanation:
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