8
QuizMultiple Choice

Financial Goals

Question 8 • Personal Finance Math

The Polleys want to put in a swimming pool next summer. They need to save $6,000 over 12 months in order to achieve this goal. They set aside the same amount each month and after 7 months discovered they have saved $3,100. The Polleys know that they must adjust their plan in order to meet their goal, so they come up with the following options: Option A: Save the original amount for each month but put the pool in one month later than originally planned. Option B: Increase savings for each month by $100 from their original plan. Which of the following statements is true? a. Only option A will allow them to meet their goal. b. Only option B will allow them to meet their goal. c. Either option A or B will allow them to meet their goal. d. Neither option A nor option B will allow them to meet their goal. Please select the best answer from the choices provided

Answer
A
A
B
B
C
C
D
D
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