Make sure that you format all of these graphs carefully and that your trendlines are clearly labeled.
Buy our new model today! Make a $10,000 downpayment and pay only $100 per month for 2 years.
I kept looking and found another dealer, selling the same car, who offered:
Buy our new model today! Pay $5000 down, make a monthly payment of $50 for thefirst month, then add $50 to your payment for each additional month that you own the car. After 2 years, the car is yours.Finally, the last dealer proposed the curious arrangement:
Give me $1.00 today and take the car home! Pay 1 penny for the first month. After that, double your payment each month. After 2 years, the car is yours.
---------- payment -----------
Month Dealer 1 Dealer 2 Dealer 3
0 10,000 5,000 1.00
1 100 50 0.01
2
...
24
total:
Then tell Excel how to fill in the columns to 24 months. Finally, use
the SUM function
to add up the payments.
Format your
spreadsheet so that the data fit on one page and
then print it to include with your homework.