Question

10 pts

Remy is considering moving into a one-bedroom apartment in Quiet Trees Gardens. The apartment has
a monthly rent of $1,650.
Below are the fees she has been quoted. How much is she expected to pay up front in order to rent this
apartment?
Application: 1.5% of 1 month's rent
Credit application fee $30
Security deposit: 1 month's rent
Last month's rent
Broker's fee: 7% of 1 year's rent
$6,390.75
$6,820.35
O $3,090,75
$4,740,75
Question 4
10 pts

Answer 1

Total amount pay for new apartment = $4,740.75

Explanation:

Find:

Total amount pay for new apartment

Computation:

Particular Amount

Monthly rent of apartment $1,650

Add:

Application fee [1,650 x 1.5%] $24.75

Credit application fee $30

Security rent $1,650

Broker's fee [1,650 x 12 x 7%] $1,386

Total $4,740.75

Total amount pay for new apartment = $4,740.75