Question

estimating savings. julia will attend school this fall at the local university. she would like to live on campus with some of her friends, but she is not sure she can afford it. her part of the rent would be $310 a month if the four friends split the rent. julias share of utilities and food is expected to be another $270 a month. her alternative is to live at home with her parents, who will not charge her to live there. how much will she save over the next four years if she lives at home? given julias expected expenses, the amount she will save by living at home will be $ (round to the nearest dollar).

Explanation:

Step1: Calculate monthly expense

$310 + 270=580$

Step2: Calculate annual expense

$580\times12 = 6960$

Step3: Calculate 4 - year expense

$6960\times4=27840$

Answer:

$27840$