Question

7. Adisa will be moving to Sarnia to attend college. Option 1 1-bedroom apartment within walking distance from the college • Rent: $625 a month, including heat, electricity, water, and parking • Must sign a 1-year lease Option 2 • College residence • Share a room and washroom with another student • Room includes: beds, desks, shelves, a small fridge, a microwave, cable service (but no TV), and local telephone service • Shared kitchen available • Cost: $6800 for September to April, including utilities and an $1800 meal card [5 marks] a) What would be the annual rent for the apartment? Is it more or less expensive that living in residence? b) What additional expenses might Adisa have in setting up the apartment that he would not have for the residence room? c) What, if any, benefits might there be to be living in the apartment? To living in residence? d) Which option would you recommend? Justify your answer.

          7. Adisa will be moving to Sarnia to attend college.
Option 1
1-bedroom apartment within
walking distance from the
college
• Rent: $625 a month, including
heat, electricity, water, and
parking
• Must sign a 1-year lease
Option 2
• College residence
• Share a room and washroom
with another student
• Room includes: beds, desks,
shelves, a small fridge, a
microwave, cable service (but
no TV), and local telephone
service
• Shared kitchen available
• Cost: $6800 for September to
April, including utilities and an
$1800 meal card
[5 marks]
a) What would be the annual rent for the apartment? Is it more or less expensive that
living in residence?
b) What additional expenses might Adisa have in setting up the apartment that he
would not have for the residence room?
c) What, if any, benefits might there be to be living in the apartment? To living in
residence?
d) Which option would you recommend? Justify your answer.

7. Adisa will be moving to Sarnia to attend college.
Option 1
1-bedroom apartment within
walking distance from the
college
• Rent: 625 a month, including
heat, electricity, water, and
parking
• Must sign a 1-year lease
Option 2
• College residence
• Share a room and washroom
with another student
• Room includes: beds, desks,
shelves, a small fridge, a
microwave, cable service (but
no TV), and local telephone
service
• Shared kitchen available
• Cost:6800 for September to
April, including utilities and an
1800 meal card
[5 marks]
a) What would be the annual rent for the apartment? Is it more or less expensive that
living in residence?
b) What additional expenses might Adisa have in setting up the apartment that he
would not have for the residence room?
c) What, if any, benefits might there be to be living in the apartment? To living in
residence?
d) Which option would you recommend? Justify your answer.

Added by Alisha H.

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