Renting Worksheet: Complete this worksheet showing all work.
You may print it out and
do it or complete it right in Microsoft word. Then upload the completed worksheet with
your journal as an attached file (Word document or Jpeg file).
1. You have a monthly income of $2,800 and you are looking for an apartment.
What is the maximum amount you should spend on rent?
2. You have a monthly income of $1,900 and you are looking for an apartment.
What is the maximum amount you should spend on rent?
3. An apartment you like rents for $820. What must your monthly income be to
afford this apartment?
4. An apartment you like rents for $900. What must your monthly income be to
afford this apartment?
5. An apartment rents for $665/month. To start renting, you need the first and last
month’s rent, and a $650 security deposit. You also have upfront costs of $126 for
a year of tenant insurance, $95 hookup fee for phone and internet, and $80 TV
hookup fee. What is the total amount you need to begin renting the apartment?