6. The Petricics have a combined net weekly income of $1180. Their expenses unrelated to housing...

 

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6. The Petricics have a combined net weekly income of $1180. Their expenses unrelated to housing are $1800 a month. They are considering two housing options: Option 1: Renting a 2-bedroom apartment for $1550, including all utilities Option 2: Buying a 2-bedroom townhouse with a down payment of $22 500, bi-weekly mortgage payments of $1150, annual property taxes of $1950, and average monthly utilities of $150 For each option, determine how much money the Petricics will have available for monthly savings. (10 marks) - (B2) 6. The Petricics have a combined net weekly income of $1180. Their expenses unrelated to housing are $1800 a month. They are considering two housing options: Option 1: Renting a 2-bedroom apartment for $1550, including all utilities Option 2: Buying a 2-bedroom townhouse with a down payment of $22 500, bi-weekly mortgage payments of $1150, annual property taxes of $1950, and average monthly utilities of $150 For each option, determine how much money the Petricics will have available for monthly savings. (10 marks) - (B2)

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