Alicia’s family wants to save for a four-year college education for her. After some research, they estimate that the total cost will be about $78,000. How much should her family save if she is 12 years old and plans to go to college in 6 years? Select one:

$6,500 each month

$1,100 each month

$4,350 each month

$550 each month

explanation:

the loan estimate encourages consumers to shop. since it is the lenders who are required to issue a standardized loan estimate in a specific time frame, this way consumers are provided an opportunity to compare lenders and their products. otherwise consumer wouldn't know the benefits offered by other lenders.  

if a loan originator does not provide a loan estimate within 3 business days of receiving a completed loan application, that lender is in violation. lenders are required to issue a loan estimate within 3 days of applying for a loan or within 7 days prior to closing. having a loan estimate has following information.

not having loan estimate won't give you an idea of money to be borrowed.

you get to know your interest rates.

you also get to know if your interest rate can or may vary.

not having a good faith estimate can keep you unaware of aforementioned points.

the answer is option a you would get more money.it would be $250.

step-by-step explanation:

for option b 200/2=100=50% 100/2=50=25% 50/5=10=5% it would be $220

$205,000 here you go i had to guess it but i got it correct so yeah

what are your options?

step-by-step explanation: