Lisa Berry plans to rent an apartment for $1,090 per month. She estimates the annual expense on the chart. What is her average monthly cost?

Given that her annual expences are as follows: Loss of Interest                   $   95 Renter’s Insurance              $ 482 Electricity                             $ 1,975 Heating (gas)                       $ 1,235 Internet/Cable TV                $ 1,053 Cell Phone                           $   675 Total annual expenses        $ 5,515

Thus, her average monthly expenses = $5,515 / 12 = $459.58

Add: montly rent      $1,090

Therefore, her monthly cost is given by $459.58 + $1,090 = $1,549.58