Brady's Annual Rental Expenses
$8,880
Rent: $740 x 12
Lost Interest
Renters Insurance
Electricity
Heating Oil
1. Telephone: $35 x 12
2. Cell Phone: $48 x 12
3. Cable TV: $55 x 12
4. Internet: $40 × 12
Total
36
260
410
850
420
576
660
480
$12,572
$29,149
Kendra's Annual Homeowner
Expenses
5. Mortgage Payment:
$800 x 12
Property Taxes
Homeowner Insurance
Electricity
Heating (gas)
6. Satellite TV: $70 x 12
7. Cell Phone: $38 x 12
Maintenance
Lost Interest
Tax Savings
Total
1,650
690
9. A rise in worldwide oil prices results in a $185 annual increase in
Brady's heating oil.
a. What is the new annual heating oil cost?
b. What do Brady's annual rental expenses now total?
575
900
040
456
1,150
700
(1,075)
$15,486
8. Find the difference in the annual cost between renting and home ownership.
. The following year, Kendra's maintenance costs go up to $4,500 due
to a kitchen remodel. A new assessment results in a $255 property
tax increase.
a. What is the amount of Kendra's new tax bill?
b. Assuming all other expenses stay the same, what are Kendra's
new total expenses?