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Sagot :
The cost of college is $78,000.
Currently Janet is 12 years old and would be going to college in six years time.
That means, the family has to make the following plan
[tex]\begin{gathered} \text{Annual savings=}\frac{78000}{6} \\ \text{Annual savings=13000} \\ \text{For every month, this shall be;} \\ \text{Monthly savings=}\frac{13000}{12} \\ \text{Monthly savings=1,083.33} \\ \text{Monthly savings}\approx1100 \end{gathered}[/tex]The monthly savings towards Janet's college tuition shall be $1,100 each month.
**Note that this has been approximated from 1,083.33**
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