BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
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Matt owns a home. He estimates his expenses as mortgage interest, $12, 180; property taxes, $2, 690; insurance, $733; depreciation, $1, 800; maintenance and repairs, $800; lost interest income, $2, 475; and utilities, $2, 550. He expects to save $3, 800 in income taxes. What is his net cost of home ownership?
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$19, 428
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$27, 028
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$13, 678
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$18, 628
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Explanation:
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