19
QuizMultiple Choice

Planning for the Cost of College — Unit test

Question 19 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Carly will be going to college in 3 years. She anticipates that she will need $12,000 to pay for the first year. She currently has $2,900 in a savings account. Without including any interest earned, what is a reasonable estimate of the amount Carly needs to deposit into the savings account per month over the next 3 years to be able to pay for her first year of college?

Answer
A
$150
B
$250
C
$350
D
$450
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Carly will be going to college in 3 years. She…