Cars
Amira's car insurance is 2480 dollars annually per person. How much is it per month for Amira and her partner?
2480+2480/12= 413 dollars a month
Name 4 types of utilities
gas, electric, trash, water, internet
A utility is defined as ___________
an expense within a house that you pay per month, gas, trash, electricity, water, internet, etc
If Ami's net monthly income is $5,000 and 10% of their monthly net income is to purchase a car, how much money MAX can they spend on a car?
5,000x10%=$500
You drive 70 city miles per day. You drive 30 days out of the month. Your MPG is 34. Gas is $2.75. How much is my gas cost?
70x30
_____ x 2.75 = $169.85
34
monthly net income is defined as ________
amount of take home money after taxes
calculate my TOTAL car payment if I have a car that costs $ 25,600, has an interest rate of 4.5% and is a 5 year loan.
Use this formula A=P(1+rt)
A= 25,600 (1+4.5%*5)
$31,360
When it comes to the category of health, what are three expenses you will/might have to pay for?
health insurance, meds, co payments until you hit the deductible
interest is defined as __________
additional money you pay when having to borrow money, this is usually given as a percentage
If you drive 14 city miles each day and you make the drive 20 times a month, how much gas do you spend if gas is $3.00 a gallon?
Your car is a nissan altima that gets 20 MPG.
14x20
______ x 3.00
20
answer: $42
Carter has a family of 7 children and a partner. They live in a 8 bedroom house on Lake Minnetonka. Carter is a top video game designer and his partner is a lawyer. Their children are all under the age of 15 years old and play sports.
When it comes to the miscellanious category what are 4 items this family would need to purchase?
house decor, house expenses, hygiene products, sports equipment, etc etc
deductive is defined as _______
amount you must pay out of pocket before your insurance covers anything
CJ needs car insurance. It costs 2,200 annually. How much is the monthly cost?
2,200/12= 183.33
calculating a monthly budget means taking the net income and ________ by ____________
dividing by 12