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Category > Accounting Posted 25 May 2017 My Price 4.00

Annual Costs of Renting

Annual Costs of Renting. Teresa rents her apart- ment for $650 per month, utilities not included. When she moved in, she paid a $700 security deposit using money from her savings account that was paying 3% interest. Her renter’s insur- ance costs her $60 per year. What are Teresa’s total annual costs of renting?

Answers

Alpha Geek
(8)
Status NEW Posted 25 May 2017 09:05 AM My Price 4.00

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file 1495704338-Answer.docx preview (104 words )
A-----------nnu-----------alÂ----------- Co-----------sts----------- o-----------f -----------Ren-----------tin-----------g.Â----------- Te-----------res-----------a r-----------ent-----------s h-----------er -----------apa-----------rt------------ me-----------nt -----------for----------- $6-----------50 -----------per----------- mo-----------nth-----------, u-----------til-----------iti-----------es -----------not----------- in-----------clu-----------ded-----------. W-----------hen----------- sh-----------e m-----------ove-----------d i-----------n, -----------she----------- pa-----------id -----------a $-----------700----------- se-----------cur-----------ity----------- de-----------pos-----------it -----------usi-----------ng -----------mon-----------ey -----------fro-----------m h-----------er -----------sav-----------ing-----------s a-----------cco-----------unt----------- th-----------at -----------was----------- pa-----------yin-----------g 3-----------% i-----------nte-----------res-----------t. -----------Her----------- re-----------nte-----------râ€-----------™s -----------ins-----------ur------------ an-----------ce -----------cos-----------ts -----------her----------- $6-----------0 p-----------er -----------yea-----------r. -----------Wha-----------t a-----------re -----------Ter-----------esa-----------’-----------s t-----------ota-----------l a-----------nnu-----------al -----------cos-----------ts -----------of -----------ren-----------tin-----------g? ----------- An-----------swe-----------r: ----------- C-----------alc-----------ula-----------te -----------T's----------- an-----------nua-----------l c-----------ost----------- of----------- re-----------nti-----------ng:----------- T -----------pai-----------d r-----------ent-----------s f-----------or -----------apa-----------rtm-----------ent----------- fo-----------r $-----------650----------- pe-----------r m-----------ont-----------h. -----------So,----------- th-----------e a-----------nnu-----------al
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