ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Jim plans to attend a Four Year University. The tuition for the first year will cost $12, 250. His parents will pay for $3, 550. If Jim were to save money for 3 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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$241.67
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$2900
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$966.67
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$340.28
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Explanation:
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