Allan makes two payments a year of $337 each for real estate taxes.
He makes six payments a year of $216 for auto insurance. How much
must he budget monthly to cover these fixed expenses?
2 How much will it cost to mail a first-class letter that weighs 2.8 oz?
The rate is $.22 for the first ounce and $.17 for each additional
ounce or fraction of an ounce
(337 * 2) + (216 * 6) = ____ yearly payments
Divide the above sum by 12.
2.
0.22 + (2 * 0.17) = _____
1. Well, it looks like Allan is juggling real estate taxes and auto insurance payments. Let's break it down. Allan pays $337 twice a year for real estate taxes, which amounts to $674 annually. On the other hand, he pays $216 six times a year for auto insurance, which sums up to $1,296 annually. To budget for these fixed expenses monthly, Allan can just divide the total annual amount by 12. So, he needs to budget a monthly amount of ($674 + $1,296) / 12 = $156.17. Better start saving that clown change!
2. Ah, sending some snail mail, huh? A first-class letter weighing 2.8 oz? Let's do some math magic! The rate is $0.22 for the first ounce. Since it's more than one ounce, we'll need to find the cost for the additional weight. Each additional ounce or fraction of an ounce is $0.17. So, the weight over one ounce is 2.8 oz - 1 oz = 1.8 oz. Since it's a fraction of an ounce, we round it up to 2 oz. Therefore, the cost for the additional weight is 2 oz * $0.17 = $0.34. Adding that to the first ounce cost, the total cost will be $0.22 + $0.34 = $0.56. Better bring some extra popcorn money to the post office for this one!
To determine how much Allan must budget monthly to cover his fixed expenses, we can add up the payments he makes for real estate taxes and auto insurance.
1. Real estate taxes:
Allan makes two payments a year of $337 each for real estate taxes.
Total real estate taxes per year = 2 payments/year * $337/payment = $674/year
Monthly budget for real estate taxes = $674/year / 12 months = $56.17/month (rounded to the nearest cent)
2. Auto insurance:
Allan makes six payments a year of $216 for auto insurance.
Total auto insurance per year = 6 payments/year * $216/payment = $1,296/year
Monthly budget for auto insurance = $1,296/year / 12 months = $108/month
To cover these fixed expenses, Allan must budget a total of $56.17/month + $108/month = $164.17/month (rounded to the nearest cent).
To determine how much Allan must budget monthly to cover his fixed expenses, we can calculate the total annual cost for each expense and divide it by 12 (number of months in a year).
1. Real estate taxes:
Allan makes two payments a year of $337 each. So, the annual cost for real estate taxes is:
$337 * 2 = $674
2. Auto insurance:
Allan makes six payments a year of $216 each. Therefore, the annual cost for auto insurance is:
$216 * 6 = $1,296
To calculate the total fixed expenses per year, we can add the annual costs of real estate taxes and auto insurance:
$674 + $1,296 = $1,970
Finally, to find the monthly budget required to cover these expenses, we can divide the total annual fixed expenses by 12:
$1,970 / 12 ≈ $164.17 (rounded to the nearest cent)
So, Allan should budget approximately $164.17 per month to cover his fixed expenses.
Now, let's move on to the second question:
To calculate the cost of mailing a first-class letter that weighs 2.8 oz, we need to determine the cost for each ounce and the additional fraction of an ounce.
The rate is:
- $0.22 for the first ounce
- $0.17 for each additional ounce or fraction of an ounce
Since the letter weighs 2.8 oz, we need to find the cost for the whole ounces (2 oz) and the additional fraction of an ounce (0.8 oz).
The cost for the first ounce is $0.22.
Now, we calculate the cost for each additional fraction of an ounce using the rate of $0.17 per ounce:
$0.17 * 0.8 = $0.136
To find the total cost, we add the cost for the first ounce and the additional fraction of an ounce:
$0.22 + $0.136 = $0.356
Therefore, it will cost $0.356 to mail a first-class letter that weighs 2.8 oz.