Answer:
Annual expenses INCLUDING cost of annual rent: = $17,597
Annual expenses EXCLUDING cost of annual rent: = $4,277
Step-by-step explanation:
Annual expenses EXCLUDING cost of annual rent:
Electricity = $980
Gas = $1,100 Phone/cable/Internet = $2,100
Insurance = $45
Lost interest = $52
Total = $980 + $1,100 + $2,100 + $45 + $52
= $4,277
Annual expenses EXCLUDING cost of annual rent: = $4,277
Annual expenses INCLUDING cost of annual rent:
Rent = $1,110 per month
Annual rent = $1,110 per month × 12
= $13,320
Electricity = $980
Gas = $1,100 Phone/cable/Internet = $2,100
Insurance = $45
Lost interest = $52
Total = $13,320 + $980 + $1,100 + $2,100 + $45 + $52
= $17,597
Annual expenses INCLUDING cost of annual rent: = $17,597
