Question

your parents are considering renting yoh an apartment instead of paying room and board at your college. the month to month contract is $539.00 month and the annual contact is $467.00 month. if you break the annual contact there is a 2 month penalty

Answer 1

wait...what is the question ?

Answer 2

your parents are considering renting yoh an apartment instead of paying room and board at your college. the month to month contract is $539.00 month and the annual contact is $467.00 month. if you break the annual contact there is a 2 month penalty

Answer 3

I still do not understand what you are looking for ?

Answer 4

Right, see we have the data...but no actual question was asked :)

Answer 5

month to month contract would cost you : 539 (12) = 6468/yr

I do not understand...if you break the contract...you mean by leaving early ??

Answer 6

How much do your parents save if you stay a whole year by entering into an annual Contact rather than month to month contract

Answer 7

srry for the not understaning

Answer 8

If you break the annual contract....are you still paying for the whole year plus the 2 months ?

Answer 9

Wait ? I'm confused

Answer 10

if so...then it would be 467 (12) + 467 (2) = 5604 + 934 = 6538/yr + penalty for the annual one

Answer 11

lets see what john says

Answer 12

Luckily we don't even need to worry about the penalty since the question states you will be staying the whole year...so it just boils down to

\[\large \text{Month to Month} = 539\times 12 = ?\]
\[\large \text{Annual} = 467 \times 12 = ?\]

And then how much is saved from doing the annual rather than the month to month

Answer 13

tricky....they threw some info in there that wasn't even needed

Answer 14

6468

Answer 15

?

Answer 16

John u still here

Answer 17

the 6468 is for the month to month contract

Answer 18

ok thx u

Answer 19

the annual one is 467 x 12
then you take the difference and that is your answer

Answer 20

Yeah, sorry guys my openstudy began to lag big time! Hope everything made sense!