Respuesta :
Taking into account the car payment, insurance, registration, and taxes combined, the monthly car allowance is $ 448.37.
What is an insurance?
- Most individuals have insurance of some type, whether it is for their life, their home, or their car.
- However, the majority of us rarely pause to consider what insurance is or how it functions.
- In a nutshell, insurance is a contract, symbolised by a policy, under which a policyholder receives financial security or compensation from an insurance firm against losses.
- In order to make payments to the insured more manageable, the company pools the risks of its clients.
- Insurance policies are intended to protect against the possibility of monetary losses, large and little, that may be brought on by harm to the insured or their property or by liability for harm or injury given to a third party.
Given that you want to spend 15% of your monthly net pay on the car payment, insurance, registration, and taxes combined. your monthly net pay is $2989. Then the monthly car allowance can be determined by 15% of $2989.
15 × [tex]\frac{2989}{100}[/tex] = $ 448.37.
Therefore, The monthly car allowance is $ 448.37.
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