Your parents are considering renting you an apartment instead of paying room and board at your college. The month-
to-month contract is $539.00/month and the annual contract is $467.00/month. If you break the annual contract,
there is a 2-month penalty.
3. How much do your parents save if you stay a whole year by entering into an annual contract
rather than a month-to-month contract?
4. If you enter into an annual contract but decide to leave after 5 months, how much do your parents lose by not doing the month-to-month contract?