Your car insurance comes due annually and generally costs about $1,500. you decide that you would like to set aside a monthly amount, beginning in january, to be prepared for when this bill comes at the end of the year. how much should you set aside each month?

$125

Step-by-step explanation:

Since there are 12 months in a year, divide the total bill by the total number of months.

1500/12 = $125

step-by-step explanation:

the original amount doesn't ''re just looking for the time it takes for 1/2 of the substance to we have

(1/2) =)     take the ln   of both sides

ln (1/2)   = )   and we can write

ln(1/2) = ) lne     and lne   = 1     so we have

ln(1/2) = -.1092t     divide both sides by -.1092

t = ln(1/2)/-.1092 = about 6.347 days = about 6.3 days (rounded)