Isabel has graduated and plans to attend a four-year university. Her parents have $50,000 in savings for her college expenses. She was awarded 2 scholarships, one that
is a one-time award of $2,500 and another that is $1,500 each year she is in college.
The university has told her parents that the cost of attending this college increases by
2.5% each year. How much more will she need to attend this college for all four years.
Current Expenses at Four-Year University
Tuition and FeesRoom and BoardBooks and Supplies Personal Expenses
$8,900
$3,800
$1,200
$2,000