Jorge is attending college next year. He just got information on the college costs and the financial aid package the college is
offering. Jorge knows his parents can contribute 54,500 each year.
Jorge's College Costs & Financial Aid Package per Year
Costs
Financial Aid Package
Tuition & Fees
Grants & Scholarship
$26,000
$18,500
Room & Board
Work-Study
$12,500
$8,500
How much will Jorge need to pay each year from his own savings and from loans?
O $3,000
O $7,000
O $7,500
O $11,500

Respuesta :

Answer:

The answer is B-$7000

Step-by-step explanation:

When you add the total cost of room and board and tuition for each year ($38500) and then you add the money his parents can contribute, his grants and financial aid, and his money he earns through work study ($31500) and divide those 2 numbers from each other you get $7000

Jorge will need to pay each year from his own savings and from loans is B. $7,000

What is meant financial?

Economic generally refers to money topics or transactions of a few size or importance: a monetary wizard. economic is used especially in connection with an authorities price range, or the ones of any agency: the quit of the financial year. financial relates mainly to money as such: a financial machine or well-known.

What is finance and types of finance?

Finance is described as the control of cash and consists of sports along with making an investment, borrowing, lending, budgeting, saving, and forecasting. There are 3 most important forms of finance: (1) personal, (2) corporate, and (3) public/government.

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