Answered

\begin{tabular}{|c|c|c|c|}
\hline
& \begin{tabular}{c}
Monthly \\
cost
\end{tabular} & \begin{tabular}{c}
Up-front \\
cost
\end{tabular} & Advantages \\
\hline
\begin{tabular}{c}
Option A \\
Buy a \\
house
\end{tabular} & [tex]$\$[/tex] 618[tex]$ & $[/tex]\[tex]$ 24,000$[/tex] & \begin{tabular}{c}
Home \\
equity, yard \\
for a pet
\end{tabular} \\
\hline
\begin{tabular}{c}
Option B \\
Rent \\
close to \\
work
\end{tabular} & [tex]$\$[/tex] 950[tex]$ & $[/tex]\[tex]$ 1,900$[/tex] & \begin{tabular}{c}
Convenient \\
location, \\
garage, pool
\end{tabular} \\
\hline
\begin{tabular}{c}
Option C \\
Rent \\
farther out
\end{tabular} & [tex]$\$[/tex] 600[tex]$ & $[/tex]\[tex]$ 1,200$[/tex] & \begin{tabular}{c}
2 bedrooms, \\
light-rail, \\
pool
\end{tabular} \\
\hline
\end{tabular}

Which housing choice fits within your recommended monthly budget of [tex]$\$[/tex] 650-780[tex]$?

Which option requires you to have at least $[/tex]\[tex]$ 24,000$[/tex] saved?



Answer :

GinnyAnswer
Let's analyze the given data table to address each part of the question systematically.

### Determining Which Housing Choice Fits Within the Recommended Monthly Budget

The recommended monthly budget range for housing is between \[tex]$650 and \$[/tex]780. We will compare this range with the monthly costs of each option to see which ones fit.

- Option A: Buy a house
- Monthly cost: \[tex]$618 - Since \( \$[/tex]618 \) is less than the lower limit [tex]\( \$650 \)[/tex], Option A does not fit within the recommended monthly budget.

- Option B: Rent close to work
- Monthly cost: \[tex]$950 - Since \( \$[/tex]950 \) is greater than the upper limit [tex]\( \$780 \)[/tex], Option B does not fit within the recommended monthly budget.

- Option C: Rent farther out
- Monthly cost: \[tex]$600 - Since \( \$[/tex]600 \) is less than the lower limit [tex]\( \$650 \)[/tex], Option C does not fit within the recommended monthly budget.

As a result, none of the options fit within the recommended monthly budget of \[tex]$650 to \$[/tex]780.

### Determining Which Option Requires At Least \[tex]$24,000 Saved Next, we will determine which housing option requires an up-front cost of at least \$[/tex]24,000.

- Option A: Buy a house
- Up-front cost: \[tex]$24,000 - Since \$[/tex]24,000 is exactly the same as the requirement, Option A requires at least \[tex]$24,000 saved. - Option B: Rent close to work - Up-front cost: \$[/tex]1,900
- Since \[tex]$1,900 is much less than \( \$[/tex]24,000 \), Option B does not require at least \[tex]$24,000 saved. - Option C: Rent farther out - Up-front cost: \$[/tex]1,200
- Since \[tex]$1,200 is much less than \( \$[/tex]24,000 \), Option C does not require at least \[tex]$24,000 saved. Thus, Option A is the only option that requires you to have at least \$[/tex]24,000 saved.

### Summary

1. Which housing choice fits within your recommended monthly budget of \[tex]$650-\$[/tex]780?
- None of the options fit within the recommended monthly budget of \[tex]$650-\$[/tex]780.

2. Which option requires you to have at least \[tex]$24,000 saved? - Option A: Buy a House requires at least \$[/tex]24,000 saved.