Question

Q14: Rent for a 3-bedroom apartment is regularly $936 per month. Apartment management is now offering one month free for a 12-month lease. If you sign a one year lease and apply the free month equally across months, how much is your monthly lease amount?

Answer 1

$858

Explanation:

You pay for 11 of the 12 months, so the average monthly payment is ...

(11/12)×$936 = $858