14-3: TEKS Practice

  • 1. Gavin wants to attend a certain college. He estimates that the cost to attend the first year will be $16,700. Gavin's family has already saved $7,170 and plans to deposit $250 each month.

    • a. How much additional money will the family save after another 3 years?

    • b. Will the family have enough saved after another 3 years to cover the cost for at least the first year of college?

  • 2. Arianna needs to save $8,500 over the next 3 years to cover the costs for her first year of college. She devises the periodic savings plan shown. Devise an alternate periodic savings plan with a weekly deposit to save $8,500 in 5 years. Round to the nearest cent.

  • 3. To start saving for college, Tyler devised two periodic savings plans with monthly deposits, as shown. What is an advantage of each plan?

  • 4. Aiden has already saved $600 toward his first year of college. He devises a periodic savings plan with a weekly deposit to save $7,500 in 4 years, as shown. How many years of weekly deposits does the alternative plan need to save $7,000? Round to the nearest year.

  • 5. Sophia estimates that the cost to attend the first year of college will be $18,800. Sophia's family has already saved $8,840. The family plans to use a periodic savings plan over the next 6 years to save enough for at least the first year of college. The family is considering the two plans shown.

    Plan A

    Deposit $32 per week

    Plan B

    Deposit $144 per month

    With which plan would Sophia's family save a greater amount over the next 6 years? How much more?

  • 6. Writing Caleb wants to attend a certain college in 3 years. He estimates that the cost to attend the first year will be $17,600. Caleb's family has already saved $5,100. The family devises a periodic savings plan to cover the cost for at least the first year. The family plans to deposit $70 each week for the next 3 years.

    • a. Will the family have enough saved in 3 years to cover the cost for at least the first year of college?

    • b. Describe some reasons why a family might prefer a plan with weekly deposits and some reasons why a family might prefer a plan with monthly deposits.


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Table of Contents

Digits, Grade 8, Volume 2, Homework Helper Unit D: Two-Dimensional Shapes Unit E: Measurement and Data Unit F: Personal Financial Literacy Unit G: Step-Up Lessons English/Spanish Glossary Formulas Math Symbols Formulas Measures Properties