Fred and Wilma are a working couple with a 5=year-old child. They own a three-bedroom detached house.

Their mortgage is $1465.33 per month.

They pay $336.52 twice a year for home insurance.

Their property taxes are $2358.60 per year.

They pay for water and electricity every two months. Their bills for the last year were: $210.23, $199.51, $186.88, $188.76, $213.75, $193.69

Their home is heated by natural gas, which they pay for monthly. Their bills for the last year were: $145.82, $103.44, $83.12, $78.71, $31.69, $22.02, $25.07, $23.66, $25.03, $48.26, $93.51, $120.96

They rent their water heater for $52.95 every three months.

They have phone, cable, and internet plan that costs $149.99 per month.

Determine how much they will spend in a year. Show your work! Round to two decimal places.

Answer rating: 100% (QA)

To calculate their annual expenses we need to add up all of their m... View the full answer