You have a choice between going to an​ in-state college where you would pay ​$3000 per year for tuition and an​ out-of-state college where the tuition is ​$6500 per year. The cost of living is much higher at the​ in-state college, where you can expect to pay ​$1000 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?