alleryStart learning →A co-payment of $32 falls due in four weeks. How much has to be set aside each week?
A$8 each week
B$4 each week
C$16 each week
D$32 each week
Answer & Solution
Correct answer: A. $8 each week
1. Divide the money needed by the time available to save it.
2. The money needed is $32 and the time available is 4 weeks.
3. $32 divided by 4 gives $8 each week.
4. $16 halves the four weeks, and $32 ignores the division altogether.
_Source: FDIC Money Smart for Adults (September 2018), Module 5: Your Savings, section How Much Money Should You Save for Your Goals?_
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