petes monthly housing budget is $2,250. his monthly costs are $215.75 for insurance, $143.50 for utilities…

petes monthly housing budget is $2,250. his monthly costs are $215.75 for insurance, $143.50 for utilities, and $273 for taxes. which of these houses has the highest monthly payment he can afford?\n\na. house a; monthly payment of $1,327.18\n\nb. house b; monthly payment of $1,550.89\n\nc. house c; monthly payment of $1,790.25\n\nd. house d; monthly payment of $1,989.23

petes monthly housing budget is $2,250. his monthly costs are $215.75 for insurance, $143.50 for utilities, and $273 for taxes. which of these houses has the highest monthly payment he can afford?\n\na. house a; monthly payment of $1,327.18\n\nb. house b; monthly payment of $1,550.89\n\nc. house c; monthly payment of $1,790.25\n\nd. house d; monthly payment of $1,989.23

Answer

Answer:

A. house A; monthly payment of $1,327.18

Explanation:

Step1: Calculate total non - house payments

$215.75 + 143.50+273=$632.25$

Step2: Calculate available amount for house payment

$2250 - 632.25=$1617.75$

Step3: Compare options

We see that $1327.18<1550.89<1790.25<1989.23$ and $1327.18$ is the only option less than $1617.75$.