Assume that you are in the market to rent a one bedroom apartment for a one year period. The landlord offers you two options: 1) pay the asking rent of $3,000 per month, or 2) pay $3,350 per month with the first month free.

1. If you choose option 2, what will your effective rent be per month?
   1. 3,071
   2. 2,704
   3. 3,541
   4. 2,415
2. If you choose option 2, what will be the total of your rent payments for the 12 month period?
   1. 36,850
   2. 32,450
   3. 35,008
   4. 33,600