Adam's corresponding prorated monthly expense to attend school will be $1146.67.
An expense is something that calls for the transfer of funds, or fortune in general, from one person or organization to another as payment for a good, service, or another type of cost. Rent is a cost to a tenant. Tuition is a cost to parents or students.
Given that during one year, Adam takes 12 credit hours for each of the two semesters. Tuition and fees amount to $530 per credit hour. His on-campus room and board are $3700 per semester.
The tuition fee per credit per month = ( 12 x 530 ) / 12 = $530
Room rent per month = 3700 / 6 = 616.67
Total charges per month = 500 + 616.67 = $1116.67
Therefore, Adam's corresponding prorated monthly expense to attend school will be $1146.67.
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