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29 June, 11:10

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.

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  1. 29 June, 13:31
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    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

    Thus, the answer would be letter B. House B because all the rest of the monthly payment are way over her budget.
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