annual expenses for an individual are shown in the table. to prorate the annual costs into a monthly budget…

annual expenses for an individual are shown in the table. to prorate the annual costs into a monthly budget, how much money per month should be budgeted for home insurance?\n|annual expenses| |\n|--|--|\n|car registration|$84.00|\n|car insurance|$565.00|\n|home insurance|$1,070.00|\nround to the nearest cent.

annual expenses for an individual are shown in the table. to prorate the annual costs into a monthly budget, how much money per month should be budgeted for home insurance?\n|annual expenses| |\n|--|--|\n|car registration|$84.00|\n|car insurance|$565.00|\n|home insurance|$1,070.00|\nround to the nearest cent.

Answer

Explanation:

Step1: Recall the conversion factor

There are 12 months in a year.

Step2: Calculate the monthly budget for home - insurance

Divide the annual home - insurance cost by 12. The annual home - insurance cost is $1070. So the monthly amount is $\frac{1070}{12}$. $1070\div12\approx89.17$

Answer:

$89.17$