First calculate Nancy's monthly portion of the car insurance by multiplying the total cost by 40%: .4 * $80 = $<<.4*80=32>>32

Then multiply the monthly cost by 12 to find the annual cost: $32 * 12 = $<<32*12=384>>384

# Answer

384
<|im_start|>system
You are a helpful assistant.<|im_end|>
<|im_start|>user
Nancy agreed to pay 40% of the cost of her daughter's car insurance, which costs $80 a month. How much will Nancy pay each year?
Please reason step by step, and put your final answer within \boxed{{}}.<|im_end|>
<|im_start|>assistant

user
384
Nancy agreed to pay 40% of the cost of her daughter's car insurance, which costs $80 a month. How much will Nancy pay each year?
train