Question

Part A

Answer 1

Step-by-step explanation:

Monthly amounts added to each line

• rent: $13,800 annually                                      $13800/12   = $1150
• utilities: $5,400 annually                                  $5400/12    = $450
• cell phone: $534 semiannually                        $534/6        = $89
• internet: $204 semiannually                            $204/6        = $34
• car loan: $2,274 semiannually                         $2274/6      = $379
• insurance: $720 quarterly                                $720/3        = $240
• groceries: $4,332 annually                              $4332/12     = $361
• gym membership: $288 annually                   $288/12       = $24
• entertainment: $420 annually                         $420/12       = $35

Total monthly expenses:

• 1150 + 450 + 89 + 34 + 379 + 240 + 361 + 24 + 35 = 2762