Question

The lopez family is saving $275 monthly for verona’s college education. the family anticipates they will need to contribute $10,000 toward her first year of college, which is in 3 years. which best explains whether or not the family can expect to have enough money after saving for 3 years?

Answer 1

3 years = 36 months
36 x 275 = $9900
They will have almost enough money.

Answer 2

The answer will be,

D. The family will likely have enough money. They will have saved $9,900 and have accumulated interest.

If money stops, wont reach the end result.