Answer :
If you would like to know which is the most reasonable goal for Kirk and his family to plan to save, you can calculate this using the following steps:
a. $225 a month * 2 years * 12 months = 225 * 2 * 12 = $5400
b. $200 a month * 3 years * 12 months = 200 * 3 * 12 = $7200
c. $100 a month * 4 years * 12 months = 100 * 4 * 12 = $4800
d. $75 a month * 5 years * 12 months = 75 * 5 * 12 = $4500
The most reasonable goal to plan to save would be goal b, because $7200 is more than $6845.
a. $225 a month * 2 years * 12 months = 225 * 2 * 12 = $5400
b. $200 a month * 3 years * 12 months = 200 * 3 * 12 = $7200
c. $100 a month * 4 years * 12 months = 100 * 4 * 12 = $4800
d. $75 a month * 5 years * 12 months = 75 * 5 * 12 = $4500
The most reasonable goal to plan to save would be goal b, because $7200 is more than $6845.
The best plan for Kirk and his family to save for college is to save $200 a month for 3 years.
It is common for people to prepare for college by saving for the long term. The dream is achievable if the correct plan for savings have been adopted in a particular case.
Looking at the options available, the best plan for Kirk and his family to save for college is to save $200 a month for 3 years. In that way, they would have saved $7200 in three years.
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