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

$1,760.00
$1,760.00

$1,602.00
$1,602.00

$1,768.00
$1,768.00

$1,698.00

Answer 1

Use bi‑weekly groceries as $165 × 2 = $330 monthly.

Total = 1,045.87 + 330 + 62.48 + 328.79 = 1,767.14 ≈ $1,768.00

Answer: $1,768.00