This question has two parts. First, answer Part A. Then, answer Part B.
Part A
Fill in the blank question.
MONEY Michael wants to buy an investment property. Rents in the area for properties like the one he wants to buy average $965 per month.

Property Price ($) Monthly Rent for
a Similar Property ($)
College Ave. 202,900 1500
Hempstead Rd. 210,400 1520
Sunbury Rd. 220,900 1550
Wingate Ave. 135,900 1100

Banks use the price-to-rent ratio, priceannual rent, as a metric to determine whether a property is a good investment. Find the price-to-rent ratio for each property. Round to the nearest hundredth.

College Ave. =

Hempstead Rd. =

Sunbury Rd. =

Wingate Ave. =

Part B
If properties with lower price-to-rent ratios are considered to be better investments, which property should Michael consider buying?

Multiple choice question.
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A)
College Ave.
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B)
Hempstead Rd.
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C)
Sunbury Rd.
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D)
Wingate Ave.