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A) Use the table to answer the question. Monthly Contribution $125 $300 (dollars) $225 125 $175 175 225 300 Total Amount After 3 Years of
A) Use the table to answer the question. Monthly Contribution $125 $300 (dollars) $225 125 $175 175 225 300 Total Amount After 3 Years of Investment with a 4.2% Annual Interest Rate (dollars) 4,803.64 6,725.09 The information in the table shows how much a specific monthly contribution can result in after 3 years of investment with a 4.2% annual interest rate, compounded monthly. 8,646.54 On average, the annual cost to attend a 2-year public institution in the 2020-2021 academic year is $3,900. If the goal is to cover the cost for two years at a 2-year public institution after 3 years of investment, what is the minimum amount a student should be saving each month? (1 point) 11,528.72
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