An eighth-grade student estimated that she needs $8,800 for tuition and fees for each year of college. She already has $5,000 in a savings account. The table shows the projected future value of the account in five years based on different monthly deposits.future value of a savings account. initial balance, dollars, $5000, $5000, $5000, $5000. Monthly deposit, dollars. $100, $200, $300, $400. Account value in five years, dollars. $12,273; $18,737; $25,202; $31,667.The student wants to have enough money saved in five years to pay the tuition and fees for her first two years of college. Based on the table, what is the minimum amount she should deposit in the savings account every month?AnswerF$200G$300H$100J$400

Respuesta :

Since each year cost $8,800 for two years tuition he will need $17,600 then if he want to save at least this much in five years according to the table he needs to save $200 monthly