sing the information provided in the given table, determine how much monthly income would be necessary to budget in order to cover the expenses of attending a local college for the 9-month academic year. Round your answer to the nearest cent, if necessary.
Estimated Cost of Local College Next Academic Year
Budget Category On-Campus Student
University Fees $9757
Room & Board $13,313
Books & Supplies $1921
Transportation $956
Personal $1911
Health Insurance $1364
Loan Fees $213
To determine the total monthly income needed to cover the expenses of attending a local college for the 9-month academic year, we sum up all the expenses provided in the table:
$9757 + $13,313 + $1921 + $956 + $1911 + $1364 + $213 = $31,535
Then, divide the total by 9 months to get the monthly income needed:
$31,535 / 9 = $3,504.44
Therefore, approximately $3,504.44 of monthly income would be necessary to budget in order to cover the expenses of attending a local college for the 9-month academic year.