Answer:
The difference in amount = $430
Step-by-step explanation:
1- Annual contract:
The annual contract means a contract for 12 months. There is a month penalty for breaking the lease.
This means that, if you left after 8 months, you will have to pay for 10 month.
Total paid = monthly payment * 10
Total paid = 535 * 10 = $5350
2- Month-to-month contract:
You will only paid for the 8 months you stayed,
Total paid = monthly payment * 8
Total paid = 615 * 8 = $4920
3- Getting the difference:
We can note that a month-month contract is a better option if you intend to stay for only 8 months
Difference = 5350 - 4920 = $430
Hope this helps :)
