The University of Waterloo sells parking permits for $150 for the Winter term of 2024. These are in high demand, so you would need to purchase one as soon as they become available, which is November 14, 2023. Alternatively, visitor pay-and-display parking is available for $6.00 per day in Lot M. Suppose you only anticipate having to park on campus every Tuesday and Thursday of the Winter term during the weeks that have scheduled classes. If your discount rate is 4 percent, is it worth buying the parking permit upfront