Problem
An engineering student is deciding whether to buy two 1-semester parking permits or an annual permit. The annual parking permit costs $100 due August 15th, and the semester permits are $65 due August 15th and January 15th. What is the rate of return for buying the annual permit?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.