Answer :
To determine the minimum amount Catherine should contribute to her education annually, let's break down the costs and grants she is expecting.
### Given Costs:
1. Tuition: \[tex]$32,250 2. Room and board: \$[/tex]10,590
3. Transportation: \[tex]$2,460 4. Books and fees: \$[/tex]1,980
5. Other: \[tex]$750 ### Grant: Catherine predicts she will receive \$[/tex]14,000 in grants annually.
### Important Consideration:
Since Catherine does not own a car and plans to live near campus, she will not need the transportation cost. Therefore, we can exclude the transportation cost from her total predicted costs.
#### Step-by-step Calculation:
1. Calculate the total cost without including transportation:
- Tuition: \[tex]$32,250 - Room and board: \$[/tex]10,590
- Books and fees: \[tex]$1,980 - Other: \$[/tex]750
Total cost without transportation:
[tex]\[ 32,250 + 10,590 + 1,980 + 750 = 45,570 \][/tex]
2. Subtract the grants from the total cost without transportation:
- Total cost without transportation: \[tex]$45,570 - Grants: \$[/tex]14,000
Minimum contribution by Catherine:
[tex]\[ 45,570 - 14,000 = 31,570 \][/tex]
Therefore, the minimum amount Catherine should expect to contribute annually is:
[tex]\[ \$31,570 \][/tex]
Given the options, the correct answer is:
[tex]\[ \$31,570 \][/tex]
### Given Costs:
1. Tuition: \[tex]$32,250 2. Room and board: \$[/tex]10,590
3. Transportation: \[tex]$2,460 4. Books and fees: \$[/tex]1,980
5. Other: \[tex]$750 ### Grant: Catherine predicts she will receive \$[/tex]14,000 in grants annually.
### Important Consideration:
Since Catherine does not own a car and plans to live near campus, she will not need the transportation cost. Therefore, we can exclude the transportation cost from her total predicted costs.
#### Step-by-step Calculation:
1. Calculate the total cost without including transportation:
- Tuition: \[tex]$32,250 - Room and board: \$[/tex]10,590
- Books and fees: \[tex]$1,980 - Other: \$[/tex]750
Total cost without transportation:
[tex]\[ 32,250 + 10,590 + 1,980 + 750 = 45,570 \][/tex]
2. Subtract the grants from the total cost without transportation:
- Total cost without transportation: \[tex]$45,570 - Grants: \$[/tex]14,000
Minimum contribution by Catherine:
[tex]\[ 45,570 - 14,000 = 31,570 \][/tex]
Therefore, the minimum amount Catherine should expect to contribute annually is:
[tex]\[ \$31,570 \][/tex]
Given the options, the correct answer is:
[tex]\[ \$31,570 \][/tex]