You have a choice between going to an in-state college where you would pay $6500...
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You have a choice between going to an in-state college where you would pay $6500 per year for tuition and an out-of-state college where the tuition is $9000 peryear. The cost of living is much higher at the in-state college, where you can expect to pay $700 per month in rent, compared to $450 per month at the other college.Assuming all other factors are equal, which is the less expensive choice on an annual (12-month) basis?The yearly expense of the in-state college is $college.theand the yearly expense of the out-of-state college is $Thus, on an annual basis, the less expensive choice is
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