Matthew is planning to attend a public university after he graduates from high school in 3 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 $32,600. His family has promised to contribute $16,500 each year he is in school. What is the minimum amount of money Matthew must contribute to his savings per month for the next 3 years to have enough money to pay for his first year of tuition? a
$447.22
b
$438.95
c
$415.85
d
$489.25