Erica is considering moving into a one-bedroom apartment in Hyde Park.The apartment has a rent of $880 and has the following fees.
- Application fee: 5% of one month's rent
- Credit application fee: $15
- Security deposit: 1 month's rent
- Lease protection: the last month's rent
- Broker's fee: 9% of one year's rent
- First month's rent
How much is Erica expected to pay up front in order to move into this apartment?
Correct Answer:
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