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Alejandra and her family are discussing how to pay for her college education. The cost of tuition at the college that Alejandra wants to attend is per year. Alejandra’s parents will pay of the tuition cost every year, and she will pay the rest. Alejandra has one year to save enough money to attend her first year of college. What is the minimum amount of money she should save every month in order to reach her goal?
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Ask by Harmon Washington. in the United States

Jan 26,2025

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9
Multiple Choice
1 point

Alejandra and her family are discussing how to pay for her college education. The cost of tuition at the college that Alejandra wants to attend is per year. Alejandra’s parents will pay of the tuition cost every year, and she will pay the rest. Alejandra has one year to save enough money to attend her first year of college. What is the minimum amount of money she should save every month in order to reach her goal?
1

2

3

4
Clear my selection
5
Previous
6
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Ask by Harmon Washington. in the United States

Jan 26,2025

UpStudy AI · Accepted Answer

To determine how much Alejandra needs to save each month for her first year of college, follow these steps:

1. **Calculate the Total Tuition Cost:**
   $$
   \text{Total Tuition} = \$9,000 \text{ per year}
   $$

2. **Determine the Amount Covered by Parents:**
   $$
   \text{Parents' Contribution} = 85\% \times \$9,000 = \$7,650
   $$

3. **Find Alejandra's Contribution:**
   $$
   \text{Alejandra's Contribution} = \$9,000 - \$7,650 = \$1,350
   $$

4. **Calculate Monthly Savings:**
   $$
   \text{Monthly Savings} = \frac{\$1,350}{12 \text{ months}} = \$112.50 \text{ per month}
   $$

**Answer:**  
$$ \$112.50 $$
Alejandra needs to save \$112.50 each month to cover her tuition.