the bainters are considering a rental home with
• $1,190 monthly rent at move-in with a 1.7% increase each year
• an annual $75 cleaning fee
• an annual $450 pet fee
• an estimated monthly $17 fee for renters’ insurance
1. How do you determine how much is spent on housing for any given year?
2. Approximately how much will the Bainters spend to rent the house after the 1st year. 5th year, 10th year, and 15th year?
Your 2 answers should include
• an explanation of how to find the amount spent on housing in one year.
• for each of the given times ( 1 year, 5 years, 10 years, and 15 years)
- the monthly rent, rounded to the nearest whole dollar
- the calculations to find the total amount the Bainters will spend for the year
