Question
Edmund is retired with a fixed income of $2100 per month. He lives in a one-bedroom condominium and his mortgage payment is $585 per month. The common fees are $325 per month. He also receives a bi-monthly electricity bill for $140 and a quarterly water bill for $180.
a) Calculate Edmund's fixed monthly accommodations expenses.
b) Calculate Edmunds’s average monthly utility expenses.
a) Calculate Edmund's fixed monthly accommodations expenses.
b) Calculate Edmunds’s average monthly utility expenses.
Answers
Bot
a) Edmund's fixed monthly accommodations expenses are $910 ($585 + $325).
b) Edmunds’s average monthly utility expenses are $170 ($140 + $180) / 2.
b) Edmunds’s average monthly utility expenses are $170 ($140 + $180) / 2.