Answer : Their total monthly estimated expenses will be, $1580.16
Step-by-step explanation :
Expense Type Cost
Rent (monthly) $967.43
Groceries (weekly) $113.00
Telephone (monthly) $64.44
Car payment (bi-monthly) $192.58
Now we have to determine the cost of each expenses for a month.
Cost of rent = $967.43
Cost of groceries for 1 week = $113.00
As we know that, 1 month = 4 weeks
Cost of groceries for 4 week (a month) = $113.00 × 4 = $452.00
Cost of telephone = $64.44
Cost of car payment (bi-monthly) = $192.58
Bi-monthly means, payment of 2 months.
Cost of car payment (a month) = $192.58 ÷ 2 = $96.29
Thus, their total monthly estimated expenses will be:
Total monthly estimated expenses = Cost of rent + Cost of groceries + Cost of telephone + Cost of car payment
Total monthly estimated expenses = $967.43 + $452.00 + $64.44 + $96.29
Total monthly estimated expenses = $1580.16
Thus, their total monthly estimated expenses will be, $1580.16