Question

If you put $1,060 as a non-refundable deposit on an apartment, and pay $1,137 each month in rent, what is your total cost if you live there for eight years? $82,240 $93,380 $106,548 $110,212

Answer 1

Answer:

$110,212

Step-by-step explanation:

$1,137*12=13,644. Multiply by 12 for 12 months in a year

13,644*8=109,152. Rent for 8 years excluding deposit.

109,152+1060=110,212. Total Cost for 8 Years