Question

Nina's monthly budget is $2,250. Every month she makes the following payments:

$175 for insurance
$129 for utilities
$283 for taxes

Which is the highest house payment she can afford?
A.
House A - monthly payment: $1,580.89
B.
House B - monthly payment: $1,790.25
C.
House C - monthly payment: $1,989.23

Answer 1

2250-(all the utilities)=2250-(283+129+175)=2250-(587)
Can you calculate the rest?

Answer 2

Yeah

Answer 3

I got $1,663. But that isn't one of my answer choices.

Answer 4

\(\color{#0cbb34}{\text{Originally Posted by}}\) @KrazyKat02
I got $1,663. But that isn't one of my answer choices.
\(\color{#0cbb34}{\text{End of Quote}}\)
You're close to the answer. The total costs that Nina would have to pay is the sum of the cost of insurance, utilities, and taxes.
C = $175 + $129 + $283 = $587
The highest house payment she could afford is then the difference between her budget and the costs,
P = $2,250 - $587 = $1663
So, what's the answer?

Answer 5

The answer would be (B.) House B because all the rest of the monthly payment are way over her budget.
C = $175 + $129 + $283 = $587
P = $2,250 - $587 = $1663

Answer 6

Um, I feel like I should know it, but I'm having a brain fart moment right now.

Answer 7

Ooooooh

Answer 8

Okay. Thank you guys so much!

Answer 9

Np

Answer 10

Yeah, the answer is B. It's not going over the budget.