A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

anonymous

  • one year ago

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

  • This Question is Closed
  1. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    So what are you asking?

  2. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    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

  3. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Ok.

  4. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    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?

  5. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    month is 539

  6. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Kay.

  7. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

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

  8. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    yea

  9. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    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.

  10. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

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

  11. texaschic101
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    you forgot the 2 month penalty

  12. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

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

  13. texaschic101
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

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

  14. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

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

  15. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

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

  16. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

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

  17. johnweldon1993
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    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

  18. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

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

  19. texaschic101
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

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

  20. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.