Allen Arnold has determined that the amount of money he spends on his mortgage payment,car insurance payment,and cable bill totals $1,200 each month.What type of expenses has Allen determined with this calculation?

Question

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Based on the information provided, Allen has determined his monthly expenses for his mortgage payment, car insurance payment, and cable bill. These expenses are fixed expenses because they are the same amount each month and do not vary based on his income or other factors. Therefore, the best choice is E, fixed expenses.

Allen Arnold Has Determined That the Amount of Money He