To calculate how much Marge must budget weekly to cover her auto insurance expense, we first need to determine the total annual cost of her insurance payments.
Marge makes four payments of $175 each year:
4 payments/year x $175/payment = $700/year
Now we need to calculate how much Marge should budget weekly to cover this expense:
$700/year / 52 weeks/year = $13.46/week
Therefore, Marge should budget $13.46 per week to cover her auto insurance expense.
Marge makes four payments each year of $175 for her auto insurance. How
much must she budget weekly to cover this fixed expense?
1 answer
1 answer