a monthly budget is the foundation of most personal and family financial management. if you had a semi…

a monthly budget is the foundation of most personal and family financial management. if you had a semi - annual auto insurance payment of $540, an annual homeowner’s insurance payment of $660, and a monthly life insurance payment of $84, what would your monthly budget amount be for insurance?\n$229\n$107\n$184\n$284

a monthly budget is the foundation of most personal and family financial management. if you had a semi - annual auto insurance payment of $540, an annual homeowner’s insurance payment of $660, and a monthly life insurance payment of $84, what would your monthly budget amount be for insurance?\n$229\n$107\n$184\n$284

Answer

Explanation:

Step1: Calculate monthly auto - insurance

Semi - annual auto insurance is $540. So monthly auto - insurance is $\frac{540}{6}=90$.

Step2: Calculate monthly homeowner's insurance

Annual homeowner's insurance is $660. So monthly homeowner's insurance is $\frac{660}{12}=55$.

Step3: Add all monthly insurance payments

Monthly life insurance is $84. Total monthly insurance = $90 + 55+84=229$.

Answer:

$229$