Bill makes four payments a year of $128.25 for life insurance;

Question

four payments of $161.82 for real estate taxes; twenty-four
payments of $37.46 for health insurance; and six payments of
$221.65 for auto insurance. What is the total of his annual fixed
expenses for these items?

Answer 1

To find the total annual fixed expenses for these items, we need to add up the payments and then multiply by the number of times they are made in a year.

For life insurance:

- Payment = $128.25
- Number of payments per year = 4
- Total annual cost = $128.25 x 4 = $513

For real estate taxes:

- Payment = $161.82
- Number of payments per year = 4
- Total annual cost = $161.82 x 4 = $647.28

For health insurance:

- Payment = $37.46
- Number of payments per year = 24
- Total annual cost = $37.46 x 24 = $899.04

For auto insurance:

- Payment = $221.65
- Number of payments per year = 6
- Total annual cost = $221.65 x 6 = $1329.9

Now we add up the annual costs for each item:

$513 + $647.28 + $899.04 + $1329.9 = $3389.22

Therefore, the total annual fixed expenses for these items is $3389.22.