Crystal is looking for a new apartment. What are her total annual costs associated with renting? $\begin{array}{c}
\begin{array}{l}
\text{* Annual rent payments}\
\text{* Annual renter's insurance}\
\text{* Annual interest lost on security deposit}\
\text{* Value of apartment}\
\end{array}
\begin{array}{r}
\$ 1,000 \
\$ 250 \
\$ 20 \
\$ 150,000\
\end{array}
\end{array}$

Question

Quizplus · Accepted Answer

To calculate the total annual costs associated with renting, we need to add up all the annual costs:
Annual rent payments = $1,000
Annual renter's insurance = $250
Annual interest lost on security deposit = $20
Total annual costs = 1,000 + 250 + 20 = $1,270

The value of the apartment is not an annual cost, so we do not need to include it in our calculation. Therefore, choices A, B, C, and E are all incorrect. The correct answer is D, $12,270.

Crystal Is Looking for a New Apartment A) $1,270 B) $12,000 C) $12,250 D) $12,270 E) $162,270

Crystal Is Looking for a New Apartment A) $1,270
B) $12,000
C) $12,250
D) $12,270
E) $162,270