7. Paul is renting an apartment that will cost $1,175 per month. He must pay a $150 application fee and a $30 credit report fee. 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 4% of the total year's rent as the fee for finding the apartment. How much is he expected to pay up
front in order to rent this apartment?
$5,444
150
(1041) (1 757 12)