1. The difference between Lillian's expected family contribution (EFC) and the cost of one year of college is $1,040. What is the minimum weekly deposit Lillian needs to make in order to save enough money in 13 weeks to make up the difference?
2. Juan is considering attending two different community colleges.
a. Estimate the cost of a two-year education at each college.
b. Compare the costs of a two-year education at both schools.
3. After receiving financial aid, the cost of Faith's first year of college is $11,120. The college calculates her expected family contribution (EFC) to be $8,920. Faith's family agrees to pay that amount from savings. Copy and complete the table to devise a periodic payment plan for Faith to make up the difference. Round to the nearest cent.
4. Isaac is considering attending two different colleges.
a. Estimate the cost of a four-year education at each college. Round to the nearest cent.
b. Compare the costs of a four-year education at both schools.
5. The difference between Ariana's expected family contribution (EFC) and the cost of one year of college is $2,780. Ariana has 16 weeks to make up this difference. Ariana plans to make deposits of one amount for the first 8 weeks, then increase the amount of the deposit by $15 for the last 8 weeks.
a. How much will Ariana deposit the last week?
b. Devise a plan for Ariana to make up the entire difference in 8 weeks.
6. John is considering two different plans for college. One plan is to spend one year at a community college and three years at a state college. The other plan is to spend two years at a community college and two years at a state college. Compare the costs of the two plans. Select the correct choice below and, if necessary, replace the box to complete your choice. Round to the nearest cent.
a. The plan to spend two years at community college and two years at state college costs about $▪ more than the plan to spend one year at community college and three years at the state college.
B. The plan to spend one year at community college and three years at state college costs about $▪ more than the plan to spend two years at community college and two years at the state college.
C. The plan to spend two years at community college and two years at state college costs the same as the plan to spend one year at community college and three years at the state college.