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John is thinking of buying a duplex. His monthly expenses will be $1,000 for the mortgage, $550 for taxes, and $350 for insurance. He also

John is thinking of buying a duplex. His monthly expenses will be $1,000 for the mortgage, $550 for taxes, and $350 for insurance. He also needs to pay an annual association fee of $900. If he can rent out one-half of the unit for $1,800 per month, how much will he make or lose per month?

a.

He will make $250.

b.

He will lose $100.

c.

He will make $800.

d.

He will lose $1,000.

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