Suppose you have a bi-weekly mortgage payment of $657. If there are typically 4 weeks in a month, what do you need to do to estimate your monthly mortgage payment? (1 point) Responses Multiply it by 2, then round Multiply it by 2, then round Round it down to $650, then multiply by 2 Round it down to $650, then multiply by 2 Add it to other estimates just as it is Add it to other estimates just as it is Multiply it by 4, then round
Multiply it by 2, then round
To estimate your monthly mortgage payment, multiply your bi-weekly payment by 2.
This is because there are typically 4 weeks in a month, and a bi-weekly payment covers 2 weeks. Multiplying by 2 gives you the monthly equivalent.
Therefore, the correct answer is: Multiply it by 2.
To estimate your monthly mortgage payment, you can multiply your bi-weekly payment by 2, since there are typically 4 weeks in a month.
So in this case, you would multiply $657 by 2. This gives you a monthly payment estimate of $1,314.