HELP! I started the problem but then I don't understand what the 2 month penalty would be I'm lost please help
Your parents are renting an apartment for you when you go away to college. An annual contract is $582.00/month with a 2-month penalty if you break the lease. The month-to-month contract is $615.00/month. How much is the difference in payments if you stay the whole year?

Question

HELP! I started the problem but then I don't understand what the 2 month penalty would be I'm lost please help
Your parents are renting an apartment for you when you go away to college. An annual contract is $582.00/month with a 2-month penalty if you break the lease. The month-to-month contract is $615.00/month. How much is the difference in payments if you stay the whole year?

anonymous · Answer

@superman36 can you help? do you know this

anonymous · Answer

yea i help u

amistre64 · Answer

its either that if you break the lease, you have to either pay the lease up in full + 2 extra months, or you have to pay for the next 2 months regardless.  thats my take on it but it doesnt seem relevant

anonymous · Answer

yeah but if the lease is broken how much do you have to pay? @amistre64

amistre64 · Answer

the lease isnt broken, you stay there a year

amistre64 · Answer

how much "...  if you stay the whole year"

anonymous · Answer

in the next problem it gets broken

anonymous · Answer

if you break the 2 months then u would have to pay less then wht you payed befroe

amistre64 · Answer

well, you did not post the 'next problem'  :)

as for that, i dont know lease laws

anonymous · Answer

Using the information from #15, you leave after 6 months. How much is the difference in the amount paid between the two contracts? @amistre64

anonymous · Answer

but how do you find how much you would have to pay if it is broken @superman36

amistre64 · Answer

as an guess, I think the penalty means you have to pay an extra 2 months for breaking the lease.

amistre64 · Answer

if you break it after 6 months, you still have to pay for the next 2 months

anonymous · Answer

yes I know that but I'm saying how do I find that number that's where I'm stuck at

amistre64 · Answer

you know what a monthly payment is, and you know that you have to pay it for 2 extra months ...

amistre64 · Answer

assuming my reading of it is valid .. you only have to pay for an extra 2 months

amistre64 · Answer

6 months of payments, plus 2 months of payments, is how much?

anonymous · Answer

You need to either add or subtract but you might need to subtract.@lexnorris4

anonymous · Answer

I think I get it

anonymous · Answer

ight