David is planning to attend a public university after he graduates from high school in 3 years. He is devising a plan to save money each month to help with the expenses of attending the university. The cost of attending the public university for one-year is $53,600. His family has promised to contribute $32,000 each year he is in school. What is the minimum amount of money David must contribute to his savings per month for the next 3 years to have enough money to pay for his first year of tuition? a
$450
b
$600
c
$575
d
$725