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Maria can rent an apartment for $750 per month, or $9,000 per year. The security deposit is $1,125 (one and a half months rent). Renters
Maria can rent an apartment for $750 per month, or $9,000 per year. The security deposit is $1,125 (one and a half months rent). Renters insurance is $120 per year. She earns 1 percent on her savings account after tax, and her marginal tax rate is 20 percent. What is Marias total first-year cost of renting rounded up to the nearest $100?
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