Based on the following information, what is the annual cost to rent this apartment? Note: Some of the costs below may be normally paid by the landlord and therefore are not part of the annual cost to rent the apartment. You rent a three-bedroom apartment for your family for $1,403 per month plus utilities. Your telephone is $64 per month, your electric and heating bills total $136 per month, and renters insurance is $450 per year. Repairs on the rental are about $1,000 per year