Question
Craig makes four payments a year of $185.50 for car insurance.
How much must he budget weekly for this fixed expense?
How much must he budget weekly for this fixed expense?
Answers
GPT 3.5
To find out how much Craig must budget weekly for his car insurance expense, we can first calculate the total annual cost of his car insurance:
4 payments/year * $185.50/payment = $742/year
Then, to find out the weekly cost, we can divide the total annual cost by the number of weeks in a year (52 weeks):
$742/year / 52 weeks/year = $14.27/week
Therefore, Craig must budget $14.27 weekly for his car insurance fixed expense.
4 payments/year * $185.50/payment = $742/year
Then, to find out the weekly cost, we can divide the total annual cost by the number of weeks in a year (52 weeks):
$742/year / 52 weeks/year = $14.27/week
Therefore, Craig must budget $14.27 weekly for his car insurance fixed expense.