Assignment:
A Condo is renting at $1,100 per month. I have two options, if I sign up for 12 month, I get 1 month free offer. Or I can use the money from that 1 month and spread it throughout the 12 month. My question is, if I would to go ahead and use that free month ($1100) and spread it to 12 month, what would my newly adjusted monthly rent be?
Provide complete and step by step solution for the question and show calculations and use formulas.