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Practice Test

Question 8 of 13 • Advanced Financial Algebra

Two roommates paid a $⁢180 application deposit for the 1,100 -square-foot apartment they are moving into. They must provide a credit report that costs $⁢28 and pay a security deposit equal to 1 month's rent. The landlord also requires first and last month's rent when signing the lease. The broker charged 9% of the yearly rent. The monthly rent is $⁢1,250 How much should the roommates expect to pay for the broker fee?

Answer

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1,350

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