Question

Using the table, what are your total monthly fixed expenses?

Expense Amount
Rent payment $953.20 per month
Auto payment $165.87 per month
Telephone $56.98 per month
Auto insurance $714.36 every six months
Once-a-week outing $35.00 per week
Round to the nearest penny.

$
per month

Answer 1

$1,446.78 per month

Work:
- Auto insurance: $714.36 / 6 = $119.06 per month
- Once-a-week outing: $35.00 × (52/12) = $151.67 per month
Total = $953.20 + $165.87 + $56.98 + $119.06 + $151.67 = $1,446.78 per month