To find out how much Rad must budget weekly, we first need to calculate how much he pays in total for his auto insurance per year:
6 payments/year * $175.50/payment = $1053/year
Next, we need to determine how much he needs to budget weekly to cover this expense:
$1053/year / 52 weeks/year = $20.25/week
Therefore, Rad must budget $20.25 weekly to cover the fixed expense of his auto insurance.
Rad makes six payments a year of $175.50 for his auto insurance. How
much must he budget weekly to cover this fixed expense?
1 answer
1 answer