Question 11 • ****Spring 2026 Financial Math - MA2007 MQS21QXV
The $600 security deposit is shared equally, so Pat’s share is $300. The rest of his $1,050 payment, $1,050 − $300 = $750, covers first and last month’s rent. Divide $750 by 2 to get $375 per month, so the answer is $375.
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