contestada

Question 2: Now, you do the math: Tell us if you can afford the apartment using the details below. Your gross paycheck is $2100 per month. You're looking at a very small one-bedroom apartment that rents for only $650 per month. The electric bill runs about $60 per month for power. You'll pay about $10 per month for gas. An Internet line will cost you $20 per month. You have to rent a parking space for your old buggy at $20 per month. Can you afford to get this apartment? Yes No, how much can you afford to pay in rent plus housing expenses: $

Respuesta :

anthony67
Yes you will be able to afford your monthly payment 20+20=40+10=50+60=110+650 will be 760 out of 2100 so yes you can afford it

No, the amount should be $700.

  • The calculation is as follows:

Gross Pay = $2100 per month.  

Maximum amount that can be spend on rent and housing expenses is

= 1 by 3 × $2100

= $700

Now

Total Expenses per month  is

= Rent + Electricity bill + Gas + Internet line + Parking space  

=  $650 + $60 + $10 + $20 + $20  

= $760

No, according to the maximum budget for rent and housing expenses i.e $700 I cannot afford the to get this apartment as expenses are $760 per month.  

We can pay a maximum of $700 as per the amount allotted for the same per month.

Learn more: brainly.com/question/16911495

Otras preguntas