Jackson wants to start saving for the vacation that he’s taking next August, 15 months away. He wants to save $3,000.00. If he gets paid 2 times a month how much money does he need to set aside, per paycheck, to have enough money saved for his vacation? Let's think first. Chain of thought:
He has 15 months to save $3,000.00 so that’s 3000 / 15 = $200.00 a month. He gets paid twice a month so he needs to save 200 / 2 = $100.00 from each paycheck.
Therefore, the answer is 100.