Question

Condominiums usually require a monthly fee for various services. at $235 a month, how much would a homeowner pay over a period of 10 years for living in this housing facility? total fee $ 2350

Answer 1

Calculate for the number of months present in a period of 10 years. This can be done by using the proper conversion factor and dimensional analysis. Consider that there are 12 months in a year such that,

(10 years)(12 months/ 1 year) = 120 months

Solving for the total fee,
Total fee = ($235/month)(120 months) = $28,200

ANSWER: $28,200