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To prorate the annual costs into a monthly budget, how much money per month should be budgeted to account for all of these expenses?

\begin{tabular}{|l|r|}
\hline \multicolumn{2}{|c|}{ Annual Expenses } \\
\hline Car Registration & [tex]$\$[/tex] 90.00$ \\
\hline Car Insurance & [tex]$\$[/tex] 520.00$ \\
\hline Home Insurance & [tex]$\$[/tex] 1020.00$ \\
\hline
\end{tabular}

[tex]\[
\$[?]
\][/tex]



Answer :

GinnyAnswer
To determine the monthly budget needed to cover all the annual expenses, follow these steps:

1. Identify the Annual Expenses:
- Car Registration: \$90.00
- Car Insurance: \$520.00
- Home Insurance: \$1020.00

2. Calculate the Total Annual Expenses:
Add up all the individual annual expenses:
[tex]\[ \text{Total Annual Expenses} = \[tex]$90.00 + \$[/tex]520.00 + \[tex]$1020.00 = \$[/tex]1630.00
\][/tex]

3. Calculate the Monthly Budget:
Divide the total annual expenses by 12 to distribute these costs evenly across each month:
[tex]\[ \text{Monthly Budget} = \frac{\[tex]$1630.00}{12} = \$[/tex]135.83\overline{3}
\][/tex]

Hence, to account for all annual expenses, a budget of approximately \$135.83 per month should be allocated.

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