Bearboy863 Bearboy863

14-02-2022
SAT

contestada

Joey pays $672 per year in insurance. How much should he budget monthly for it?.

Respuesta :

adioabiola adioabiola

23-02-2022

The amount of money Joey should budget for monthly insurance is $56

How to find monthly insurance amount

Amount Joey pays yearly for insurance = $672
Number of months in a year = 12

Amount budgeted per month = Amount Joey pays yearly for insurance ÷ Number of months in a year

= $672 ÷ 12

= $56

What is insurance?

Insurance can be defined as the agreement between the insurer and the insured. It is usually agreed that the insurance company pays a specific amount of money to be insurance holder during a loss.

Learn more about insurance:

https://brainly.com/question/4953989

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