Question

Suppose you have a bi-weekly mortgage payment of $657. If there are typically 4 weeks in a month, what do you need to do to estimate your monthly mortgage payment?
(1 point)
Responses

Multiply it by 2, then round
Multiply it by 2, then round

Round it down to $650, then multiply by 2
Round it down to $650, then multiply by 2

Add it to other estimates just as it is
Add it to other estimates just as it is

Multiply it by 4, then round
Multiply it by 4, then round

Answer 1

Multiply it by 2, then round.

Explanation: A bi‑weekly payment occurs every two weeks, so in a 4‑week month you make two payments: 657 × 2 = $1,314 (approximately).