180k views
5 votes
PLEASE HELPPPP!!!!!

Daniel wants to rent a two-bedroom apartment in Red Pines. The
apartment has a monthly rent of $1,100. He must pay an application fee
which is 2% of 1 month's rent, a credit application fee of $ 10, and a
security deposit of 1 month's rent. First month's rent is expected to be paid
up front. The broker charged a fee of 7% of 1 year's rent. How much is
Daniel expected to pay before he can move into the apartment?

User Otheus
by
4.5k points

1 Answer

1 vote
1100x.02 =$22 application fee
Plus. $10 credit application fee
1100x 12= $13,200 1 year rent (12 months)

&13,200x .07 = $924 Broker Fed
Total to move in =$22+10+924+1100 =$2056
User Dinodsaurus
by
3.7k points