Planned Expenses

Alicia's HOA dues are $720 per year. She wants to save the same amount of money each month to pay her dues at the end of the year.

How much money will Alicia need to save each month?

Mathematical Equivalence

ON

Dimitri's car insurance costs $1,200 per year. He pays it in one lump sum every January. He has 12 months until his next payment. This year, he wants to start setting aside equal amounts every month to save for the bill.

How much money will Dimitri need to save each month?

Mathematical Equivalence

ON

Carla wants to make sure she's able to afford her yearly gym membership, which costs $480. She wants to set aside equal monthly amounts so she will have the full amount ready when it's time to renew. She has 12 months until her next payment is due.

How much money will Carla need to save each month?

Mathematical Equivalence

ON

Yahir is trying to budget for his movie subscription renewal, which costs $144. He wants to set aside equal monthly amounts so he will have the full amount ready when it's time to renew. He has 12 months until his next payment is due.

How much money will Yahir need to save each month?

Mathematical Equivalence

ON

Jon's water heater is old and will need replacement in the future. A new water heater costs $900. Jon would like to replace it in a year, but wants to start saving for it now. He plans on saving equal amounts every month.

How much money will Jon need to save each month?

Mathematical Equivalence

ON

Randy's wife always looks at countertop mixers but has never bought one. For their next anniversary, he would like to surprise her with one. The mixer she likes was $132. Randy plans on putting aside the same amount of money every month to make it more affordable. He has one year until their next anniversary.

How much money will Randy need to save each month?

Mathematical Equivalence

ON

Brian pays $600 every six months for his car insurance. He just paid his bill for this year, but wants to budget for his next payment and save an equal amount each month. He has 5 months until his insurance is due again.

How much money will Brian need to save each month?

Mathematical Equivalence

ON

Samir's gym membership is $300 a year. He recently renewed his membership, but wants to budget for his next renewal. He plans on saving equal amounts each month. He has 10 months until his membership is due again.

How much money will Samir need to save each month?

Mathematical Equivalence

ON

Alma wants to budget for her upcoming renter's insurance renewal, which will cost $250. To do this, she plans to save equal amounts each month for the next 5 months.

How much will Alma need to save each month?

Mathematical Equivalence

ON

Ana's parents' anniversary is coming up in 9 months. She plans on surprising them with a new patio set that costs $279. She would like to start saving for it now, and put aside an equal amount every month.

How much does Ana need to save each month?

Mathematical Equivalence

ON