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 How do you determine how much is spent on housing for any given year? Approximately how much will the Bainters spend to rent the house after the 1st year, 5th year, 10th year, and 15th year? Your two 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

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 1ECP: You accept a job with an annual income of $58,400 . This includes your salary and a $1200 year-end...
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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 two 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

 

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ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning