Rachel is considering moving into a one-bedroom apartment in Glen Gardens. The apartment has a monthly rent of $1,300. Below are the fees that she has been quoted: application fee: 2% of 1 month's rent, credit application fee: $10, security deposit: 1 month's rent, last month's rent, broker's fee: 12% of 1 year's rent. How much is she expected to pay up front in order to rent this apartment? *

The amount which Rachel would pay upfront before she moves into her apartment is:$1934Her monthly rent is $1,300She would pay 2% from thatShe would pay $10She would also pay 12% of 1 year rentWith this, we can make the deductions of the amount which would be removed from her monthly paycheck and she would pay upfront. 2%of 1,300 is $26 +$1012% of 1 year rent is (1300 *12)=$15, 600.12% of 15,600 is $1872With all these figures, we would add them up and we would get $26 + 10 + 1872= $1934Read more about percentages here: