predictable expense amount medical exams, lab co - pays, health insurance co - pays $640 every year auto…

predictable expense amount medical exams, lab co - pays, health insurance co - pays $640 every year auto maintenance $35 per quarter auto registration $225 per year if rogério leaves the cash flow in the checking account for all needs that arise, he runs the risk of not having the money for these very important future expenses. he has decided to make an automatic monthly transfer from his checking account to his savings accounts to cover these other predictable expenses. how can he divide these future expenses into a monthly deposit that can be added to his monthly budget. how much will be left over each month that can be deposited into a general emergency fund? a. $75 future expenses; $173 emergency fund b. $248 future expenses; $0 emergency fund c. $83.75 future expenses; $164.25 emergency fund d. $128.34 future expenses; $119.66 emergency fund

predictable expense amount medical exams, lab co - pays, health insurance co - pays $640 every year auto maintenance $35 per quarter auto registration $225 per year if rogério leaves the cash flow in the checking account for all needs that arise, he runs the risk of not having the money for these very important future expenses. he has decided to make an automatic monthly transfer from his checking account to his savings accounts to cover these other predictable expenses. how can he divide these future expenses into a monthly deposit that can be added to his monthly budget. how much will be left over each month that can be deposited into a general emergency fund? a. $75 future expenses; $173 emergency fund b. $248 future expenses; $0 emergency fund c. $83.75 future expenses; $164.25 emergency fund d. $128.34 future expenses; $119.66 emergency fund

Answer

Explanation:

Step1: Calculate total annual expenses

Annual medical - related expense = $640$, auto - maintenance expense per year = $35\times4 = 140$, auto - registration expense per year = $225$. Total annual expense = $640+140 + 225=1005$.

Step2: Calculate monthly expense for future expenses

Monthly expense for future expenses = $\frac{1005}{12}=83.75$.

Answer:

C. $83.75$ future expenses; $164.25$ emergency fund (assuming some total monthly income from which these calculations are made to get the emergency - fund amount as given in the option, and we have just calculated the future - expenses part which matches option C)