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Chris is going to be a junior ollege he wants to go to costs $9,264 for tuition the st year. Chris's parents have a savings account tha ill cover 75% of his first year's tuition, and the rest ris will need to pay for. If he has two years to save e money how much should Chris save each month

Chris is going to be a junior ollege he wants to go to costs $9,264 for tuition the st year. Chris's parents have a savings account tha ill cover 75% of his first year's tuition, and the rest ris will need to pay for. If he has two years to save e money how much should Chris save each month

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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6. Chris is going to be a junior in high school, and the college he wants to go to costs $9,264 for tuition the first year. Chris's parents have a savings account that will cover 75% of his first year's tuition, and the rest Chris will need to pay for. If he has two years to save the money, how much should Chris save each month in order to meet his goal? F. $96.50 G. $2,316 H. $193 J. $289.50
Transcribed Image Text:6. Chris is going to be a junior in high school, and the college he wants to go to costs $9,264 for tuition the first year. Chris's parents have a savings account that will cover 75% of his first year's tuition, and the rest Chris will need to pay for. If he has two years to save the money, how much should Chris save each month in order to meet his goal? F. $96.50 G. $2,316 H. $193 J. $289.50
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