Return Next 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 \( \$ 9,000 \) per year. Alejandra's parents will pay \( 85 \% \) 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 \( \$ 1,350.00 \) 2 \( \$ 637.50 \) 3 \( \$ 28.12 \) \( \$ 112.50 \) 4 Clear my selection 5 Previous 6 7

To figure out how much Alejandra needs to save each month, let’s break it down! The total tuition is \( \$9,000 \). Her parents will cover \( 85\% \) of that, which equals \( \$7,650 \). That leaves Alejandra with \( 15\% \) to pay, which is \( 0.15 \times 9000 = \$1,350 \). Now, she has one year (12 months) to save this amount. So, \( \frac{1,350}{12} = \$112.50 \) per month. The correct answer is \( \$112.50 \). Now, let’s make sure Alejandra is on the right financial track! Saving consistently is key – using tools like budgeting apps can help her stay on top of her savings goal. And remember, it’s always a good idea to set aside a small emergency fund to handle any unexpected expenses that might pop up along the way!