Arthur is 10 years old. tuition for one year at a public two-year college is $3,125. in 8 years, tuition is expected to increase 32%. arthur’s family plans to save for his college costs for 5 years. if the family saves $75 per month, will there be enough money to pay for the expected cost of one year at the college when he is 18?
a. no, they would need to save about $30 more per month to have enough money.
b. no, they would need to save about $15 more per month to have enough money.
c. yes, they could save about $5 less per month and still have enough money.
d. yes, they could save about $30 less per month and still have enough money.