Brian pays
$
600
$600dollar sign, 600 every six months for his car insurance. He just paid his bill for this year, but wants to budget for his next payment and save an equal amount each month. He has
5
55 months until his insurance is due again.
How much money will Brian need to save each month?
To find out how much money Brian needs to save each month, we need to divide the total amount he pays for his car insurance by the number of months until his insurance is due again.
Total amount Brian pays every year = $600 * 2 = $1200
Total amount Brian needs to save each month = $1200 / 12 = $<<1200/12=100>>100
Therefore, Brian needs to save $100 each month.
No its not
Apologies for the mistake.
Brian pays $600 every six months for his car insurance. To find out how much money he needs to save each month, we need to divide the total amount he pays in a year by the number of months in a year.
Total amount Brian pays every year = $600 * 2 = $1200
Total amount Brian needs to save each month = $1200 / 12 = $100
Therefore, Brian needs to save $100 each month.
To calculate how much money Brian will need to save each month, we can divide the total payment by the number of months until his insurance is due again.
Total payment = $600
Number of months = 5
Brian needs to save $600 divided by 5 months.
$600 / 5 = $120
Therefore, Brian will need to save $120 each month.
To find out how much money Brian needs to save each month, we can divide the total amount he needs to save by the number of months he has until his insurance is due again.
First, let's find out the total amount Brian needs to save. He pays $600 every six months for his car insurance. So for one year, he pays $600 * 2 = $1200.
Since Brian has 55 months until his insurance is due again, we need to find the amount he needs to save each month.
To do this, we divide the total amount by the number of months:
$1200 / 55 = $21.82 (rounded to two decimal places).
Therefore, Brian needs to save approximately $21.82 each month to budget for his next car insurance payment.