Examining a savings plan for college Susan plans to attend college in 3 years. She will need \( \$ 13,600 \) for the first-year cost. Her uncle gave h \( \$ 10,000 \) to use toward the cost. How much must Susan save each month to have enough for the first-ye \( \$ \square \)

To determine how much Susan needs to save each month, we first find the difference between the total first-year cost and the amount her uncle gifted her. Subtracting \( \$ 10,000 \) from \( \$ 13,600 \), we get \( \$ 3,600 \). Now, since Susan has 36 months (3 years) to save this amount, we divide \( \$ 3,600 \) by 36. Therefore, Susan must save \( \$ 100 \) each month to reach her goal. It's important to keep in mind that starting early and sticking to a savings plan can make a big difference! Additionally, she might consider opening a high-yield savings account. This could allow her to earn some interest on her savings, reducing the amount she needs to set aside each month even further!