Richard and Samantha are charting their monthly cash flow. They have some expenses like car repairs ($ 900 twice a year) and vacations ($ 1,500 for the year) that are not paid each month. How much should be set aside monthly to account for these non-monthly expenses?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Richard and Samantha are charting their monthly cash flow. They have some expenses like car repairs ($ 900 twice a year) and vacations ($ 1,500 for the year) that are not paid each month. How much should be set aside monthly to account for these non-monthly expenses?
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