two roommates paid a $180 application deposit for the 1, 100-square-foot apartment they are moving into…

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 months rent. the landlord also requires first and last months 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? they should expect to pay for the broker fee. 112.50 1,125 1,350 13,500

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 months rent. the landlord also requires first and last months 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? they should expect to pay for the broker fee. 112.50 1,125 1,350 13,500

Answer

Answer:

1,350

Explanation:

Step1: Calculate yearly rent

Monthly rent is $1,250, so yearly rent = $1,250 × 12 = $15,000.

Step2: Calculate broker fee

Broker fee is 9% of yearly rent, so fee = 0.09 × $15,000 = $1,350.