1) You have two lots to pick from, and you have to pick one of the two lots. The budget for your lot is $160,000. a. Based on the cost of both lots, which lot can you afford? • Lot A costs $100 per square foot. The size of lot A is 20 feet by 70 feet. It will require a down payment of $15,300. • Lot B costs $90 per square foot. The size of lot B is 25 feet by 75 square feet. It will require a down payment of $14,900. Solution It\'s fairly simple... Lot A is 14002 feet x $100 = $140,000 + $15,300 = $155,300 which is < $160,000 Lot B is 18752 feet x $90 = $168,750 + $14,900 = $183,650 which is > $160,000 Your answer is: Lot A.

1. 1) You have two lots to pick from, and you have to pick one of the two lots. The budget for your
lot is $160,000.
a. Based on the cost of both lots, which lot can you afford?
• Lot A costs $100 per square foot. The size of lot A is 20 feet by 70 feet. It will require a down
payment of $15,300.
• Lot B costs $90 per square foot. The size of lot B is 25 feet by 75 square feet. It will require a
down payment of $14,900.
Solution
It's fairly simple...
Lot A is 14002 feet x $100 = $140,000 + $15,300 = $155,300 which is < $160,000
Lot B is 18752 feet x $90 = $168,750 + $14,900 = $183,650 which is > $160,000
Your answer is: Lot A