Question

for the following situation, find the average monthly expense that you would use in budgeting for the given expense. note annual means once a year, and semiannual means twice a year
sara pays $4000 for tuition and fees for each of the two semesters, plus an additional $420 for textbooks each semester
the average monthly cost for tuition and fees and textbooks is $
(round to the nearest dollar as needed)

Explanation:

Step1: Calculate total cost per semester

Tuition and fees per semester: \(4000\) dollars.
Textbooks per semester: \(420\) dollars.
Total cost per semester: \(4000 + 420=4420\) dollars.

Step2: Calculate total cost for two semesters

Since there are two semesters, total cost: \(4420\times2 = 8840\) dollars.

Step3: Calculate average monthly cost

There are \(12\) months in a year.
Average monthly cost: \(\frac{8840}{12}\approx737\) dollars.

Answer:

\(737\)