Question

1. Ron makes $1,659 a month. What is the maximum monthly rent he can afford?

Answer 1

Here are my notes for monthly rents:

Landlords typically require that your annual income is at least 40 times the monthly rent. For example, if you and your roommate are looking at a $3,000 per month apartment, the landlord would require a combined income of $3,000 × 40, which equals $120,000. To determine how much rent you (and your potential roommates) can afford, simply divide your combined annual incomes by 40.

I hope my guide has come to your help. God bless and have a nice day ahead!

Answer 2

Hello there.

1. Ron makes $1,659 a month. What is the maximum monthly rent he can afford? 

$414.75