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

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

anonymous · Answer

So what are you asking?

anonymous · Answer

if you in to  an annual contract but decide to leave after 5 months how much do your parents lose by not doing the month to month

anonymous · Answer

Ok.

anonymous · Answer

So is the cost of each month 539.00 dollars in the month to month contract or is it the whole year. And the annual contract which is 467.00 dollars per month or each year?

anonymous · Answer

month is 539

anonymous · Answer

Kay.

anonymous · Answer

So the parents are doing the annual contract, which would be 467.00 dollars per month, correct?

anonymous · Answer

yea

anonymous · Answer

Okay. Sorry about the time the computer went crazy. So if it's 467.00 per month in an annual contract. The whole year would be 5604.00 dollars. However, 5 months times 467.00 dollar is 2335 dollars.

anonymous · Answer

The parents would lose 2,335.00 dollars after leaving 5 months. Hope this helps!

texaschic101 · Answer

you forgot the 2 month penalty

anonymous · Answer

So are we doing the month to month contract or annual contract?

texaschic101 · Answer

month to month is 539 x 12
annual is 467 x 7 (the 5 months stayed + the 2 month penalty)

anonymous · Answer

Oh! So we're doing annual contract still? Oh! Sorry. :0

anonymous · Answer

Okay, so the whole amount of money would be 3269.00 total lost?

anonymous · Answer

so the whole amount of money would be 3269.00 total lost? plzz give him a medal he deserves it!!

johnweldon1993 · Answer

Sorry for a late round up here

Month to month $\large $539 \times 5\text{months}$
Annual $\large $467 \times 5\text{months} +$467 \times 2 \text{   for the 2 month penalty}$

So the total cost for the month to month would have been $2695.00
And the total cost for the Annual contract would have been $3269.00

So in order to see how much they lost by choosing the annual over the monthly, we subtract the 2 and see

$\large 3269 - 2695 = $574$ was how much more they had to overpay *aka "lose"* by choosing this option

anonymous · Answer

Great job man! No problem! Every bit counts. ;)

texaschic101 · Answer

I messed up...I was doing 539 for the whole year instead of for 5 months...oops