Answer:
The plan that shows the minimum amount of money she needs to contribute to her savings to have enough money to pay for her first year is;
Explanation:
Given that the cost of attending the private university for 1 year is 15000.
[tex]\text{ \$15,000}[/tex]her family has promised to contributions 7000 each year.
[tex]\text{ \$7,000}[/tex]The remaining amount she need to save for each year is is;
[tex]\begin{gathered} \text{ \$15,000 - \$7,000} \\ \text{ \$8,000} \end{gathered}[/tex]To have enough money for her first year she needs to save up $8,000.
From the options let us find the saving plan that gives the minimum amount of $8,000.
$222.22 per month for 3 years;
[tex]\begin{gathered} T=\text{ \$222.22}\times12\times3 \\ T=\text{ \$7999.92} \\ T\approx\text{ \$8,000} \end{gathered}[/tex]Therefore, the plan that shows the minimum amount of money she needs to contribute to her savings to have enough money to pay for her first year is;
