## Related questions with answers

Question

Larry is renting an apartment that will cost r dollars per month. He must pay a D dollars application fee and C dollars for a credit application. His security deposit is two month's rent and he must also pay the last month's rent upon signing the lease. His broker charges 7% of the total year's rent as the fee for finding the apartment. Write an algebraic expression that represents the total cost of signing the lease.

Solution

VerifiedStep 1

1 of 2Deposit for two month's rent and last month rent = 3r

Application Fee = D

Credit application = C

Broker fee = 7% x 12r = 0.84r

Total cost of signing the lease:

3.84r + D + C

## Create a free account to view solutions

By signing up, you accept Quizlet's Terms of Service and Privacy Policy

## Create a free account to view solutions

By signing up, you accept Quizlet's Terms of Service and Privacy Policy

## Recommended textbook solutions

#### Financial Algebra

1st Edition•ISBN: 9780538449670 (1 more)Richard Sgroi, Robert Gerver2,606 solutions

#### Financial Algebra: Advanced Algebra with Financial Applications

2nd Edition•ISBN: 9781337271790Richard Sgroi, Robert Gerver3,016 solutions

#### Practice Problems for Financial Algebra: Advanced Algebra with Financial Applications

2nd Edition•ISBN: 9781337271820Robert Gerver898 solutions

## More related questions

1/4

1/7