Question

You have the following expenses. What should your estimated monthly expenses be?

Expense type: Cost:
mortgage (monthly) - $1,045.87
groceries (bi-weekly) - $165.00
telephone (monthly) - $62.48
car payment (monthly)-$328.79
A.) $1,698.00
B.) $1,760.00
C.) $1,768.00
D.) $1,602.00​

Answer 1

Total monthly cost= $1,767.14

Option C.

Explanation:

Giving the following information:

Expense type: Cost:

mortgage (monthly) - $1,045.87

groceries (bi-weekly) - $165.00

telephone (monthly) - $62.48

car payment (monthly)-$328.79

We need to sum the monthly expenses and duplicate the grocery costs because are bi-weekly.

Total monthly cost= 1,045.87 + 165*2 + 62.48 + 328.79

Total monthly cost= $1,767.14