anonymous
  • anonymous
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
Mathematics
chestercat
  • chestercat
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anonymous
  • anonymous
So what are you asking?
anonymous
  • anonymous
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
  • anonymous
Ok.

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anonymous
  • anonymous
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
  • anonymous
month is 539
anonymous
  • anonymous
Kay.
anonymous
  • anonymous
So the parents are doing the annual contract, which would be 467.00 dollars per month, correct?
anonymous
  • anonymous
yea
anonymous
  • anonymous
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
  • anonymous
The parents would lose 2,335.00 dollars after leaving 5 months. Hope this helps!
texaschic101
  • texaschic101
you forgot the 2 month penalty
anonymous
  • anonymous
So are we doing the month to month contract or annual contract?
texaschic101
  • texaschic101
month to month is 539 x 12 annual is 467 x 7 (the 5 months stayed + the 2 month penalty)
anonymous
  • anonymous
Oh! So we're doing annual contract still? Oh! Sorry. :0
anonymous
  • anonymous
Okay, so the whole amount of money would be 3269.00 total lost?
anonymous
  • anonymous
so the whole amount of money would be 3269.00 total lost? plzz give him a medal he deserves it!!
johnweldon1993
  • johnweldon1993
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
  • anonymous
Great job man! No problem! Every bit counts. ;)
texaschic101
  • texaschic101
I messed up...I was doing 539 for the whole year instead of for 5 months...oops

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