Brad is planning to attend a public university after he graduates from high school in 2.5 years. He is devising a plan to save money each month to help with the expenses of attending the university. The cost of attending the public university for one-year is $15,900. His family has promised to contribute $6,500 each year he is in school. What is the minimum amount of money Brad must contribute to his savings per month for the next 2.5 years to have enough money to pay for his first year of tuition? a
$219.99
b
$416.66
c
$517.77
d
$313.33