Question

Priya is signing a lease for a one-bedroom apartment that rents for $591/month.How much will Priya pay to move in if she must pay first and last month's rent and a$532 security deposit? Round answer to a whole number.

Answer 1

One-bedroom apartment rent = $591 per month

Security deposit = $532

How much she must pay to move in

Let assume

First month = January

Last month = December

We will have 12 months in between

`591*12=7092`

Total rent = $ 7092 plus the security deposit of $532

`7092+532=7624`

Therefore Priya must pay the sum of $7,624 to move in