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For the following situation, find the average monthly expense that you would use in budgeting for the given expense. Note: Annual means once a year,
For the following situation, find the average monthly expense that you would use in budgeting for the given expense. Note: Annual means once a year, and semiannual means twice a year.
You own your own home and pay $ annually in homeowners insurance, $ semiannually in property tax, and $ monthly in mortgage house loan payments. In addition, just to be safe, you decide to set aside $ per year for unexpected expenses for example, water heater replacement, sewer cleanout, or roof repair
The average monthly expense that you would use in budgeting is $
Round to the nearest cent as needed.
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