IF 11} Luke's company has transferred him to Feterhorough. He nds two housing options near his office. a. What would he the annual rent for each option? llilpticm 1 Option 1 1-bedroom bachelor apartment in a high- lshedroom basement apartment in a home rise Rent: 54% per mo nth, including utilities Rent: $350 per month. includes water, but electricity is extra and apartment has electric ANNUAL RENT: heating ANNUAL RENT: b. What additional expense will Luke have if he cheeses {thion 1? c. which option would you recommend to Luke? Justify your answer. Name: Date: 12} Kyle and Tia may have to pay a number of other costs when they purchase their home. These costs are usually given as a percent of the selling price. Determine the El of these costs for their $255 one home. 1 Land transfer tax: 035% - Legal fees: 19% e Building inspection: (125% :- Mortgage loan insurance premium: 1.?5'5-6