Verified Answer :

Hagrid

If you make an annual salary of $18,920, Find the maximum monthly rent you can afford:
=> 18 920 dollars / 12 months = 1576.67 dollars is your monthly payment.
Base on the given choices, you can afford all prices but practicality wise, 441.47 dollars is the most recommended rentals.

Answer with explanation:

We will use , \(\frac{28}{36}\) rule here, which states that , 28 % of your monthly income should be used for housing finances and 36 % of your total gross income should be used for debt purposes.

Total Annual Salary = $ 18,920

Monthly salary @@MATH_TOKEN_1@@

→→28% of 18,920

@@MATH_TOKEN_2@@

Option B: $ 441.47      

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