How do you calculate rent per calendar month?
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Q:

How do you calculate rent per calendar month?

A:

Quick Answer

Rent per calendar month is calculated by taking a provided value for rent per week and first converting to rent per year. Then, the rent per year is converted into rent per month.

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Full Answer

Landlords usually accept rent payments from tenants once per month. However, in some cases, apartment rents are advertised in blocks of time other than full months, necessitating a few mathematical conversions. When rent is advertised as a weekly price, multiplying by 52 gives a yearly price. Dividing the yearly price by 12 gives the monthly price. Given a rent of $200 per week as an example, $200 times 52 and then divided by 12 gives a monthly rent of $866.67.

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