Will recently decided that he'd like to take a trip this upcoming summer. Here's some more information about Will and his goal: $500 a month from his parents $2,000 saved up from a summer job in his savings account, which earns 1% annually $600 book expenses for his first semester at school $500 book expenses for his second semester at school His meal plan covers the majority of his eating, 18 meals a week He plans to spend about $30 a meal for each of the remaining meals, plus about $40 a week in He plans to spend about $250 over the course of each semester in entertainment (travel, movies, sporting events, etc.) His housing and all other expenses are covered by tuition The semester is 16 weeks (4 months) long He believes his trip will be two (2) weeks long, and take place at the beginning of May He wants to plan a road trip with some friends of his, prior to starting a summer internship in his hometown They estimate that the total cost will be $5,000 for the 4 of them to split hotel, gas, food, and other miscellaneous expenses How much should Will plan to save on a monthly basis in order to reach his savings goal (assuming it's the start of the school year)? (Hint: You'll need to consider the effect his savings account interest rate has on his monthly savings amount) A. $118.40 B. $118.75 C. $185.75 D. $181.25