To find out how much Midge must budget weekly, we need to divide the total annual cost ($115 x 6 = $690) by the number of weeks in a year. Since there are 52 weeks in a year, we can calculate:
$690 รท 52 weeks = $13.27 per week
Therefore, the answer is (d) $13.27.
Midge makes six payments each year of $115 for her auto insurance. How
much must she budget weekly to cover this fixed expense?
a. $14.38
b. $19.17
c. $27.13
d. $13.27
1 answer