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Use the chart below to answer the following questions...

Child Costs In 5 years

Birth to 5 years old $79,600

5 to 18 years old $145,700

4 year Public College $30,000

4-year Private College $120,400

How much will the Smith family spend per year to raise their child from 5 to 18 years old? Round to the nearest dollar.

$12,142

$11,208

$10,407

$9,539

If the family decides to send their child to a 4-year public college, how much will they spend per year?

$30,100

$7,500

$4,000

$1,875

How much will the Valnez family pay per year to raise the child from birth to 18 years old? Round to the nearest dollar.

$12,517

$4,422

$8,094

$10,528

What is the cost per year of raising a child from birth to 18 years old, and paying for 4 years of private college? Round to the nearest dollar.

$15,714


$4,422


$8,094


$12,517

Respuesta :

absor201

a) Smith family spend  [tex]\$11208[/tex] per year to raise their child from 5 to 18 years old.

b) If the family decides to send their child to a 4-year public college, they will spend [tex]\$7500[/tex] per year

c) Valnez family will be pay [tex]\$12517[/tex] per year to raise the child from birth to 18 years old

d) [tex]\$15714[/tex] is the cost per year of raising a child from birth to 18 years old, and paying for 4 years of private college

Step-by-step explanation:

Part a) How much will the Smith family spend per year to raise their child from 5 to 18 years old? Round to the nearest dollar.

The cost from 5 to 18 years old is $145,700

Per year cost will be:

Divide the total amount by the number of years from 5 to 18 years. i.e 18-5 = 13 years

Cost per year: [tex]\frac{145700}{13}[/tex]

Cost per year:[tex]\$11208[/tex]

So, Smith family spend  [tex]\$11208[/tex] per year to raise their child from 5 to 18 years old.

Part b) If the family decides to send their child to a 4-year public college, how much will they spend per year?

The cost of 4 year Public College $30,000

Cost per year: [tex]\frac{30000}{4}[/tex]

Cost per year: [tex]\$7500[/tex]

So, If the family decides to send their child to a 4-year public college, they will spend [tex]\$7500[/tex] per year

Part c) How much will the Valnez family pay per year to raise the child from birth to 18 years old

Cost from Birth to 5 years old $79,600

Cost from 5 to 18 years old $145,700

[tex]Total\,\,cost = \$79,600+\$145,700\\Total\,\,cost =\$225300[/tex]

Total years: 18

Cost per year: [tex]\frac{225300}{18}[/tex]

Cost per year: [tex]\$12517[/tex]

Valnez family will be pay [tex]\$12517[/tex] per year to raise the child from birth to 18 years old

Part d) What is the cost per year of raising a child from birth to 18 years old, and paying for 4 years of private college? Round to the nearest dollar.

From birth to 18 years (found in part c)

Cost from birth to 18 years: $225300

Cost of 4-year Private College: $120,400

Total Cost: [tex]\$225300+\$120,400[/tex]

Total Cost: [tex]\$345700[/tex]

Total years: 18+4 = 22

Cost per year: [tex]\frac{345700}{22}[/tex]

Cost per year: [tex]\$15714[/tex]

[tex]\$15714[/tex] is the cost per year of raising a child from birth to 18 years old, and paying for 4 years of private college