Answer:
Monthly Expense = $270.83
Explanation:
The semi-annual premium is paid twice a year so,
Automobile insurance premium for whole year = 650*2
= $1300
Monthly premium will be paid 12 times a year so,
Health insurance premium for whole year = 125*12 = $1500
Annual premium is only paid once a year.
So adding all the premiums will give us the total premiums for whole year.
Total amount of premium for a year = $1300+$1500+$450
= $3250
The premium amount for whole year is $3250. To find the monthly expense, we will divide it by 12.
So monthly expense is:
= 3250/12
= $270.83 ..