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
(1 point)
Responses

$1,760
$1,760

$1,602
$1,602

$1,768
$1,768

$1,698

Answer 1

Interpret "bi‑weekly" here as twice a month: groceries = $165 × 2 = $330.

Sum:
- Mortgage: $1,045.87
- Groceries: $330.00
- Telephone: $62.48
- Car payment: $328.79

Total = $1,045.87 + $330 + $62.48 + $328.79 = $1,767.14 ≈ $1,768

Answer: $1,768