Question

Conan is moving into a two-bedroom apartment in Valley Oaks. The monthly rent is $2,000. His up-front fees

were a $60 application fee, a $20 credit check fee, first and last month's rent and a broker fee of 14% of a year's
rent.
How much can he expect to pay upfront for this apartment?
4,360
4,080
7,440
5,440

Answer 1

Conan can expect to pay $7,440 upfront for this apartment.

Step-by-step explanation:

To calculate how much Conan can expect to pay upfront for the apartment, we need to add up all the fees and the first and last month's rent.

Given that the monthly rent is $2,000 and there is a broker fee of 14% of a year's rent, the broker fee would be 0.14 * 2000 * 12 = $3,360.

Adding up all the fees and the first and last month's rent, Conan would have to pay 60 + 20 + 2000 + 2000 + 3360 = $7,440 upfront for this apartment.

Answer 2

I think 4360 plz tell me if I am right