Teresa rents her apartment for $850 per month, utilities not included. When she moved in, she paid

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Teresa rents her apartment for $850 per month, utilities not included. When she moved in, she paid a $700 security deposit using money from her savings account that was paying 3 percent interest, after tax. Her tenant’s insurance costs her $60 per year. What are Teresa’s total annual costs of renting?

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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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