Below is an instruction that describes a task. Write a response that appropriately completes the request in English. Please answer in English.

### Instruction:
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?

### Response:
First figure out how much Nancy pays each month by multiplying the total cost by 40%: .4 * $80 = $<<.4*80=32>>32
Then multiply the cost by 12 to find the annual cost: $80 * 12 = $<<80*12=960>>960
Then multiply Nancy's monthly cost by 12 to find her annual cost: $32 * 12 = $<<32*12=384>>384
#### 384