Stephen only has annual expenses of $2,000 and intends to attend community college for 2 years. Then Stephen's saving would be $3100.
Savings strategies include setting money apart in places like cash, pension accounts, investment funds, and deposit accounts. Saving also entails cutting expenses, like recurring fees. It is the amount that will spend in future for any urgent or important requirement.
According to the given information,
Stephen's costs for both years will be:
= $2000 × 2 = $4000
Then, he has received a $900 scholarship once.
The amount still owing is $3100 ($4000 – $900)
Therefore, he needed to pay for the two years of college from his savings would be $3,100.
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