Answer to Question #84163 in Financial Math for anonymus

Question

Joy is considering taking AP classes or dual credit at the community college where she would receive an Associate’s Degree. Her parents pay no taxes and she is concerned with the expense of college. The classes she would take at the Community College would qualify her as a full-time student and would cost $106. If she took the AP class, she would qualify for free classes, but she needs to pay $92 for the national AP exam. Which education program should she use to reduce the cost of her education? Why? How much would she save?

Answer 1

The classes she would take at the Community College would qualify her as a full-time student and would cost $106.

If she took the AP class, she would qualify for free classes, but she needs to pay $92 for the national AP exam.

So, she should use AP class education program to reduce the cost of her education, because she will spend only $92 and save $106 - $92 = $14.