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After purchasing a car, Eleanor adjusts her budget to cover most car-related expenses that may occur. The monthly payment for her loan is $416.74, the cost of car insurance for 6 months is $459.95, the estimated fuel cost per month is $200, and she wants to set aside $1000 per year for repairs and other maintenance. How much should Eleanor budget per month for car expenses? Round your answer to the nearest cent.

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Answer:

  $776.73

Step-by-step explanation:

Eleanor's monthly costs will total ...

  loan + ins + fuel + repairs = $416.74 +459.95/6 +200 +1000/12 = $776.73

Eleanor should budget $776.73 per month for car expenses.

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