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predicament, Samuel hopped on his bike and headed over to help out his friend. There were so many questions that Samuel was throwing at Juan

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predicament, Samuel hopped on his bike and headed over to help out his friend. There were so many questions that Samuel was throwing at Juan Carlos that he started to feel lightheaded. How could he organize all the various scenarios that they were discussing and turn it into a meaningful plan? Ah, thank goodness for Samuel and his strong math skills because he helped Juan Carlos work through different savings plans to figure out if he could meet his goal of earning $4,000 per year for college. Samuel proposed several savings plans for Juan Carlos. Review them below and answer the questions that follow. Please note: There are 40 weeks in a school year and 12 weeks of summer. Assume Juan Carlos makes $10/hr. Juan Carlos has a savings account in which he makes 2% APR compounded monthly. Savings Plan #1 Juan Carlos works 10 hours/week during the school year and 40 hours/week during the summer and saves 20% of his income

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