Question: SHOW ALL WORK for in - state and out - of - state choices to answer the question. 8 ) You have a choice between

SHOW ALL WORK for in-state and out-of-state choices to answer the question.
8) You have a choice between going to an in-state college where you would pay $6000 per year for tuition and an out-of-state college where the tuition is $9000 per year. The cost of living is higher at the in-state college, where you can expect to pay $950 per month in rent, compared to $500 per month at the other college. You will pay $1900 per year to travel back and forth from the out-of-state college. Assuming all other factors are equal, which is the less expensive choice on an annual basis? Find the cost of each college for one year.
A) In-state $17,700, out-of-state $15,000
B) In-state $17,400, out-of-state $15,000
C) In-state $17,400, out-of-state $16,900
D) In-state $17,700, out-of-state $16,900

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