Your parents have the following expenses. What should their monthly estimated expenses be?

Question

Expense Type

Cost

Rent (monthly)

$967.43

Groceries (weekly)

$113.00

Telephone (monthly)

$64.44

Car payment (every other month)

$192.58

(1 point)
Responses

$1,336.17
$1,336.17

$1,580.16
$1,580.16

$1,890.00
$1,890.00

$1,680.24
$1,680.24

Answer 1

To calculate the total monthly estimated expenses for your parents, we need to convert the grocery expense from a weekly amount to a monthly amount and include all the other expenses on a monthly basis.

1. Rent: $967.43 (monthly)
2. Groceries: $113.00 (weekly)
   • There are approximately 4.33 weeks in a month, so:
   • Monthly Groceries = $113.00 * 4.33 = $489.89 (approximately)
3. Telephone: $64.44 (monthly)
4. Car payment: $192.58 (every other month)
   • Since it's every other month, we divide by 2 to get the monthly amount:
   • Monthly Car Payment = $192.58 / 2 = $96.29

Now we add all of these amounts together to get the total estimated monthly expenses:

\[ \text{Total Monthly Expenses} = \text{Rent} + \text{Groceries} + \text{Telephone} + \text{Car Payment} \] \[ = 967.43 + 489.89 + 64.44 + 96.29 \] \[ = 1618.05 \]

None of the provided options match this calculation, so let's check our estimates again quickly:

1. Rent: $967.43
2. Groceries: $113 * 4.33 = $489.89 (ok)
3. Telephone: $64.44
4. Car payment: $192.58 every two months = $96.29 monthly

Adding again:

\[ 967.43 + 489.89 + 64.44 + 96.29 = 1618.05 \]

Given the options you provided, it seems the closest response (though it's slightly higher due to rounding) is:

$1,680.24

So, the answer is: $1,680.24