1. you are considering a contract to rent an apartment. the contract offers two options. you could either sign for a month-to-month payment option that charges $550/month, but if you chose to commit to staying for a full year, you will be charged $450/month and there is a two-month penalty for leaving before the year is up. you stay for 11 months. what is the least amount you can pay and which option is the cheapest? month-to-month is the cheapest contract $6,050/yr annual is the cheapest contract $4,950/yr ( you may select more than one answer one this one.) 2. you have purchased a property that you intend to rent out to people. the mortgage payment is $765/month and the property taxes are about $4,056/year. what is the least amount that you should charge for rent to come out even? round your answer to the nearest dollar 3. your car insurance bill is $600 per year if you pay it all up front. however, if you pay it monthly, you will pay $60/month which is $720 each year. you would like to save up each month so that you can pay for the insurance annually. how much would you need to save each month?