SOLUTION: Scott plans to attend college and he starts saving $200 per month to pay for it. He will need $14,000 to pay the first-year cost. His aunt gave him a special gift of $2,000 t

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Scott plans to attend college and he starts saving $200 per month to pay for it. He will need $14,000 to pay the first-year cost. His aunt gave him a special gift of $2,000 t      Log On

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Question 1128981: Scott plans to attend college and he starts saving $200
per month to pay for it. He will need $14,000
to pay the first-year cost. His aunt gave him a special gift of $2,000
to use toward the cost. How many years will it take Scott to save enough for the first-year cost?

Answer by ikleyn(52786) About Me  (Show Source):
You can put this solution on YOUR website!
.
2000 + 200*n = 14000,       where n is the number of months.


200*n = 14000 - 2000 = 12000


n = 12000%2F200 = 120%2F2 = 60 months = 5 years.    ANSWER