Question 1 • FL-1700380-Career Research and Decision Making
Arthur is 10 years old. Tuition for one year at a public two-year college is $3,125. In 8 years, tuition is expected to increase 32%. Arthur’s family plans to save for his college costs for 5 years. If the family saves $75 per month, will there be enough money to pay for the expected cost of one year at the college when he is 18?
Answer
N
No, they would need to save about $30 more per month to have enough money.
N
No, they would need to save about $15 more per month to have enough money.
Y
Yes, they could save about $5 less per month and still have enough money.
Y
Yes, they could save about $30 less per month and still have enough money.