The total cost of attending a university is $15,700 for the

Last updated: 7/11/2022

The total cost of attending a university is $15,700 for the first year. A student's parents will pay one-fourth of this cost. An academic scholarship will pay $3,000. Which amount is closest to the minimum amount the student will need to save every month in order to pay off the remaining cost at the end of 12 months?