25
QuizMultiple Choice

Understanding College Savings — Unit test

Question 25 • SHS Lifetime Fitness - 2021

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